scorecardresearch‘How’s That for a Lesson?’: Wall Street Reviews Rocky Six Months

‘How’s That for a Lesson?’: Wall Street Reviews Rocky Six Months

Updated: 19 Jun 2022, 08:49 AM IST
TL;DR.
In early January, the outlook for the next 12 months looked pretty rosy to Wall Street, with some predicting that the S&P 500 Index would reach 5,500 by year’s end. But 2022 had other plans.
Traders work on the floor at the New York Stock Exchange in New York, Tuesday, June 14, 2022. Wall Street is wobbling between gains and losses Tuesday in its first trading after tumbling into a bear market on worries about a fragile economy and rising rates. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Tuesday, June 14, 2022. Wall Street is wobbling between gains and losses Tuesday in its first trading after tumbling into a bear market on worries about a fragile economy and rising rates. (AP Photo/Seth Wenig)