June’s all-important jobs report and minutes from the Federal Reserve’s last policy-setting meeting are expected to highlight a holiday-shortened trading week ahead.
If there's a perfect word to sum up the first six months of 2022 for the investing community, I believe it's "Yuck!" As of the closing bell on June 30, 2022, the U.S. stock market delivered its worst first-half return in 52 years. Since hitting their respective all-time closing highs between mid-November and the first week of January, the widely followed Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and growth-stock-driven Nasdaq Composite (NASDAQINDEX: ^IXIC), respectively plunged by as much as 19%, 24%, and 34%. You'll note these figures firmly entrench the S&P 500 and Nasdaq in a bear market, with the iconic Dow Jones just one bad day away from joining its peers.
Wall Street has rallied to close higher in light trading, with investors heading into the long holiday weekend and embarking on the second half of the year looking for the next market-moving catalyst.All three major US stock indexes reversed early losses to end in positive territory after the stock market's worst first half in decades.