MARKETS: YEAR-TO-DATE - BMB YAB

 

Joe: I Did This MARKETS: YEAR-TO-DATE

Nasdaq 14,893.75 -4.80%

S&P 4,662.85 -2.17%

Dow 35,911.81 -1.17%

10-Year 1.792% +27.8 bps

Bitcoin $43,158.77 -8.21%

Ethereum $3,353.91 -8.03%

*Stock data as of market close, cryptocurrency data as of 7:00pm ET. Here's what these numbers mean.

Markets: The stock market is closed today for Martin Luther King Jr. Day. Maybe a day off is just what the market needs to score its first winning week of 2022. Economy: A combo of Omicron disruptions, higher inflation, and shortages of everything has caused forecasters to lower their projections for economic growth this quarter. Analysts surveyed by the WSJ dropped their Q1 forecast to 3% annual growth from 4.2% back in October.