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Description: #RussiaUkraine #bonds #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto Get the latest up-to-the-minute continuous stock market coverage and big interviews in the world of finance every Monday–Friday from 9 am to 5pm (ET). U.S. stocks turned lower Tuesday, resuming a sharp sell-off that sent all three major indexes to their lowest level year-to-date in the previous trading session. The S&P 500 slipped 0.3% after the benchmark closed below 4,000 for the first time since March 2021 on Monday, deepening losses from its longest streak of weekly declines since 2011. The Dow Jones Industrial Average fell more than 130 points, or 0.4%, after the index erased over 650 points to start the week, and the Nasdaq Composite retreated to the flatline after an earlier climb. The moves expand a period of recent turbulence for equity markets as worries around inflation, rising interest rates, and the possibility of an economic slowdown continue to weigh on investor sentiment. “The market is void of major positive catalysts right now, so it is not surprising that we’re starting the week off under pressure,” Brian Price, head of investment management at Commonwealth Financial Network said in an emailed note. Adding to headwinds is a lackluster earnings season that has raised concerns over how corporate profits will fare amid persistent macroeconomic disruptions. As of Friday, the percentage of S&P 500 companies beating EPS estimates was above the five-year average, but the magnitude of the upside surprises was below the five-year average, according to data from FactSet. “Another catalyst that could be causing some risk aversion as of late is a fairly underwhelming earnings season,” Price added. “It certainly wasn’t as strong as the past few quarters and there is even more ambiguity surrounding future EPS outlooks given the tremendous amount of macro uncertainty.” For this earnings season so far, 87% of the companies in the S&P 500 have reported actual results for the first quarter year-to-date as of Friday, per FactSet’s latest available data. Investors look ahead to more major reports underway this week from major names including Disney (DIS), Peloton (PTON) and Rivian Automotive (RIVN). On the economic data front, Wednesday's Consumer Price Index (CPI) will also be closely-watched by traders for the latest snapshot on the state of inflation in the U.S. The figure is expected to offer clues on how much more aggressively the Federal Reserve will need to act in order to mitigate rising prices. “The equity market continues to struggle when factoring in the implications of inflation and rising market interest rates on share prices,” Comerica Wealth Management Chief Investment Officer John Lynch said in a note on Monday. "This is a tightrope walk by the Fed. If it moves too slowly, it risks not tamping down inflation and having higher inflation expectations become embedded – making it more difficult to eliminate," Lynch noted. "Conversely, if the Fed raises rates too quickly, it risks tilting the economy into recession, with the associated job losses and other costs. The Fed indeed has a difficult task in front of it." For more on this article, please visit: finance.yahoo.com/news/stock-market-news-live-updates-may-10-2022-223722536.html