Wall Street is finishing the worst quarter for stocks in four years
Wall Street is finishing its worst quarter for stocks in four years, with investors hoping to sidestep a recession. The Dow Jones has jumped on hopes that the war could end soon, but economic data signals uneven recovery and rising energy prices.
The US stock market is experiencing its worst quarter in four years. The Dow Jones has jumped due to hopes of a potential end to the war. US home-price growth slowed in January due to affordability constraints. The Conference Board's sentiment index rose to 91.8, indicating a steady consumer mood. Available job positions fell to 6.9 million in February, with hiring at its lowest level since April 2020. The war has raised energy prices, contributing to inflation in the Eurozone. Economic data from Japan and Canada signals an uneven recovery. The Stoxx 600 Europe Banks index is down around 7% for the year, threatening a three-year bull run.
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