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QQQ   330.39
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Closing prices for crude oil, gold and other commodities
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Wall Street builds on gains, heads for 4-week winning streak
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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
The Fed Can't Save Us This Time (Ad)pixel
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Pipeline break spills 45,000 gallons of diesel in Wyoming
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Judge revives Obama-era ban on coal sales from federal lands
Ship heads to Ukraine to get grain for food-starved Africa
The Safest Option in Trades! (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
The Fed Can't Save Us This Time (Ad)pixel
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Pipeline break spills 45,000 gallons of diesel in Wyoming
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Judge revives Obama-era ban on coal sales from federal lands
Ship heads to Ukraine to get grain for food-starved Africa
The Safest Option in Trades! (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
The Fed Can't Save Us This Time (Ad)pixel
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Pipeline break spills 45,000 gallons of diesel in Wyoming
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Judge revives Obama-era ban on coal sales from federal lands
Ship heads to Ukraine to get grain for food-starved Africa
The Safest Option in Trades! (Ad)pixel

Stocks fall broadly, head for worst quarter since early 2020


Pedestrians pass the New York Stock Exchange, May 5, 2022, in the Manhattan borough of New York. Stocks are opening broadly lower on Wall Street Thursday, June 30, 2022 continuing a dismal streak that brought on a bear market earlier this month and has the S&P 500 on track for its worst quarter since the early days of the pandemic at the beginning of 2020. (AP Photo/John Minchillo, file)

NEW YORK (AP) — Stocks fell in afternoon trading on Wall Street Thursday and are on track to cap off their worst quarter since the early days of the pandemic.

The S&P 500 fell 0.3% as of 1:40 p.m. Eastern, though it was down as much as 2.1% earlier in trading. The benchmark index has been on a dismal streak that dragged it into a bear market earlier this month and is now down 20% for the year. It is close to closing its worst quarter since the beginning of 2020.

The Dow Jones Industrial Average fell 113 points, or 0.4%, to 30,912 and the Nasdaq fell 0.5%. Small company stocks also fell. The Russell 2000 lost 0.1%.

The yield on the 10-year Treasury, which helps set mortgage rates, fell to 2.98% from 3.09% late Wednesday.

Retailers and other companies that rely directly on consumer spending were posting some of the biggest losses, as they have all year. Amazon slipped 2.4% and Best Buy shed 2%.

Rising inflation has been behind much of the slump for the broader market this year as businesses raise prices on everything from food to clothing and consumers are squeezed tighter. Inflation remains stubbornly hot, according to a series of recent economic updates. The Federal Reserve and other central banks have been aggressively raising interest rates to try and slow economic growth in order to cool inflation.

“What the market is trying to asses is when does it seem as if the Fed is going to have what it needs to ascertain that inflation is plateauing,” said Quincy Krosby, chief equity strategist for LPL Financial.

A measure of inflation that is closely tracked by the Fed rose 6.3% in May from a year earlier, unchanged from its level in April. Thursday’s report from the Commerce Department also said that consumer spending rose at a sluggish 0.2% rate from April to May.

The update follows a worrisome report earlier this week showing that consumer confidence slipped to its lowest level in 16 months. The government has also reported that the U.S. economy shrank 1.6% in the first quarter and weak consumer spending was a key part of that contraction.


Investors are worried that the U.S. could slip into a recession as inflation hurts businesses and consumers. A key concern involves the Fed's interest rate hikes, which could slam the brakes on economic growth too much and actually bring on a recession.

The situation has become even more complicated following added supply chain problems because of COVID-19 lockdowns in China and Russia's invasion of Ukraine. The war in Ukraine prompted a surge in oil prices this year that resulted in record high gasoline prices. The OPEC oil cartel and allied producing nations decided Thursday to increase production of crude oil, but the amount will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy.

U.S. crude oil prices fell 2.8%, but are still up 42% in 2022.

“There’s no doubt this has been a difficult two quarters for the market, the U.S. economy, the U.S. consumer, and for the Fed’s job to control and curtail inflationary pressure,” Krosby said. “And yet, as we get into the beginning of the second half, so far companies have been managing and it's the guidance they offer that is going to help set the tone over the next couple of weeks.”

7 Dividend Stocks That Earn 10% Every Month

Investors who are in or nearing their retirement years know the need for reliable income moves to the top of the priority list. That makes investing in dividend stocks a logical choice. Most dividend stocks pay dividends on a quarterly basis. However, for individuals who lack an income stream from a job, quarterly dividends of any size create an uneven income stream. That can be difficult in times of economic volatility, and particularly when facing rising inflation.

One solution for these investors is to purchase a special class of dividend stocks that pay dividends monthly. Monthly dividend income is a way to create predictable cash flow. And investors also get access to stocks that have a high dividend yield, sometimes in excess of 10%. That's nearly 10x the 1.6% average dividend yield of stocks in the S&P 500. And because of these company's business models, these yields are sustainable.  

In this special presentation, we'll look at 7 monthly dividend stocks that have a yield of over 10% as of June 2022.

View the "7 Dividend Stocks That Earn 10% Every Month".

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