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VOL. 46 | NO. 20 | Friday, May 20, 2022

Stocks end lower, nearing but not quite in a bear market

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NEW YORK (AP) — Stocks ended another volatile day lower on Wall Street Thursday, bringing the market closer to its first bear market since the beginning of the pandemic.

The S&P 500, the benchmark for many index funds, fell 0.6%. It's now down 18.7% from the record high it set early this year, nearly at the 20% threshold that defines a bear market.

Investors are worrying that the soaring inflation that's hurting people shopping for groceries and filling their cars up is also walloping profits at U.S. companies.

Target fell again, a day after losing a quarter of its value on a surprisingly large drop in earnings.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0