Recession Worries Loom As Wall Street Falls Deeper Into Bear Market

The video discusses the poor performance of major stock indexes, with the Dow and S&P 500 experiencing significant losses. This volatility is affecting retirees and those planning to retire, as their portfolios shrink. Interest rate hikes by the Federal Reserve aim to curb spending and address economic concerns. Globally, economic issues persist, with the UK and China facing challenges. The overall outlook remains uncertain.

What was the performance of the NASDAQ compared to the Dow and S&P 500?

• NASDAQ and Dow gained points, S&P 500 lost points

• All three indexes lost points

• NASDAQ gained points while Dow and S&P 500 lost points

• NASDAQ lost points while Dow and S&P 500 gained points

Why are many people reconsidering their retirement plans?

• Due to increased job opportunities

• Because of the rising cost of everyday items and shrinking portfolio values

• Because of new government policies

• Due to improved stock market performance

What is the Federal Reserve's goal with the interest rate hikes?

• To encourage more spending in the economy

• To increase the value of the stock market

• To reduce spending and focus on debt repayment

• To boost international trade

What is a major concern for the global economy according to the final section?

• The growth of small businesses

• The falling value of the pound and China's trade uncertainty

• The increase in global tourism

• The rise of new technology

What impact have China's COVID policies had on its economy?

• They have boosted international trade

• They have led to economic growth

• They have caused self-imposed economic harm

• They have had no impact