Wall Street ended lower after an unstable session on Thursday, Cisco Systems collapsed after sad forecasts, while investors worried about inflation and rising interest rates.

Apple and chipmaker Broadcom fell 2.5% and 4.3%, respectively, and fell to the S&P 500.

“The reality is that inflation is rising and interest rates are rising,” said Terry Sandwen, chief capital strategist at the American bank Wealth Management in Minneapolis, Minnesota. increased volatility, and, in our view, this continues for most of the summer months ”.

Twitter rose 1.2% after Bloomberg reported that company executives told employees that Ilona Mask’s $ 44 billion deal was proceeding as expected and they would not revise the price.

The S&P consumer goods index has fallen 2% to its lowest level since December as retailers face the burden of rising prices, which is detrimental to the purchasing power of U.S. consumers.

Kohl’s Corp. became the last retailer to hit a high-inflation hit in four decades when the department store chain lowered its earnings forecast for the full year.

Its shares, however, jumped more than 4% after collapsing 11% in the previous session due to the sad results of Target Corp. The S&P 500 fell about 18% from its record close on January 3 as investors adjust to strong inflation and geopolitical uncertainty. from the war in Ukraine and the aggravation of financial conditions with rising rates of the US Federal Reserve.

A close of 20% or more below the January record high will confirm that the S&P 500 has been in the bear market since reaching this peak, according to a widely used definition.

Goldman Sachs strategists have predicted a 35% chance that the U.S. economy will enter a recession in the next two years, while the Wells Fargo Investment Institute expects a slight recession in late 2022 and early 2023.

The S&P 500 index fell 0.58%, ending the session at 3,900.79 points.

The Nasdaq was down 0.26% to 11,388.50 points and the Dow Jones Industrial Average was down 0.75% to 31,253.13 points.

Mixed figures on Thursday followed a fall of more than 4% in the S&P 500 on Wednesday, the worst one-day loss since June 2020.

The CBOE volatility index, also known as the fear indicator on Wall Street, fell to 29.5 points on Thursday after reaching its highest level since May 12 earlier in the session.

Canada Goose Holdings Inc jumped nearly 10% after forecasting optimistic annual returns driven by high demand for luxury parks and jackets.

The volume on the American stock exchanges amounted to 12.7 billion shares compared to the average for the last 20 trading days of 13.4 billion.

The increase in emissions exceeded the number reduced on the NYSE by 1.15 to 1; on the Nasdaq a ratio of 1.31 to 1 contributed to the advance.

The S&P 500 has released 1 new high in 52 weeks and 43 new lows; The Nasdaq Composite recorded 12 new highs and 326 new lows.

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