Financial Economic News In Perspective

Published Friday, April 22, 2022 at: 7:57 PM EDT

The stock market had another bad week, as the Standard & Poor’s 500 dropped 2.8% Friday and lost -2.8% from last week’s closing price. The stock index is 11% lower than the all-time high of Jan. 3, back into correction territory. About 80% of public companies that have reported earnings for the first quarter of 2022 are beating analyst expectations, according to a report in The Wall Street Journal referencing FactSet, a financial data and analytics firm. The economy remains strong, but inflation is raging at 8.5% for the last 12 months. Inflation hasn’t been this bad in 40 years and the...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.