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Wall Street closes the semester with the worst figures of the three main US stock market indices in more than half a century

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The S&P 500 experienced its worst semester in more than half a century and the Dow Jones its biggest percentage drop since 1962, while the Nasdaq recorded its strongest percentage decline between January and June since its founding.

The three main stock indices of The USA have ended this month and the second quarter of the year with the worst figures recorded in decades .

The S&P 500 lost 9.37% in June, while experiencing its worst semester in more than half a century, falling one 20.58%. This represents its steepest percentage drop in the first half of a year since 1970.

As for the Nasdaq, it suffered the largest percentage drop in its history between the months of January and June, losing 29.51% during this period and 10.46% in the last month.

For its part, the Dow Jones index plummeted 7.4% in June, while that in the first semester experienced its greatest percentage decrease since 1962, 15.31%.

“The entire year has been a tug-of-war between inflation and slowing growth, balancing tighter financial conditions to address concerns about inflation but trying to avoid total panic,” said Paul Kim, chief executive officer of New York-based investment firm Simplify ETF.

I think it is very likely that we are already in a recession and right now the only question is how hard the recession will be,” he stressed. “I think it is highly unlikely that we will see a soft landing,” Kim added.

As confirmation of his words, economic data this Thursday did not promise an improvement in the near future, as disposable incomes fell, consumers began to spend less, inflation remained high and unemployment rose.

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