The Nasdaq fell 4.2% on Friday, dragged down by Amazon’s 15% drop. The S&P 500 dropped about 3.6% and the Dow dropped about 940 points, or 2.8%. The
Highlights
- The Nasdaq fell 4.2% on Friday, dragged down by Amazon’s 15% drop.
- The S&P 500 dropped about 3.6% and the Dow dropped about 940 points, or 2.8%, on Friday.
- An ever-growing number of headwinds are leaving investors unsure of what comes next.
- Next week investors will be closely watching the Fed’s policy meeting, the April jobs report and more corporate earnings from Starbucks, Uber, Lyft and Pfizer.
- The Russia-Ukraine conflict exacerbated commodity price inflation and left companies uncertain about their second-quarter outlook.
- China has seen worsening growth and continues to rattle global supply chains.