Stock market woes will persist into the second half of the year but signs of hope will emerge for beleaguered investors, experts told ABC News of their predictions.
to tame price hikes by raising borrowing costs. That means volatility will continue to hammer markets in the coming months, experts told ABC News.
&P 500 — a popular index to which many 401 accounts are pegged — plummeted 20.6%, marking its worst first-half performance of any year since 1970. The tech-heavy Nasdaq fell even further, dropping more than 28% over the same period; the Dow Jones Industrial average dropped more than 14%. Ultimately, investors are deciding whether to buy or sell based on the likelihood that a given business will succeed over the coming months and years, Howard Silverblatt, a senior index analyst at S"It all comes down to earnings," Silverblatt said. "We're buying a stock based on how much we think the company is going to make."
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