MARKETS: YEAR-TO-DATE - May 9, 2022

 

MARKETS: YEAR-TO-DATE

Nasdaq 12,144.66 -22.37%

S&P 4,123.34 -13.49%

Dow 32,899.37 -9.46%

10-Year 3.128% +161.4 bps

Bitcoin $34,188.23 -26.17%

Oil $109.54 +45.65%

*Stock data as of market close, cryptocurrency data as of 8:00pm ET. Here's what these numbers mean.

Markets: You don’t need us to tell you this, but your retirement fund is probably getting wrecked from the steep market sell-off. The 100 largest 401(k) funds are all in negative territory this year, and 88 of them have posted double-digit losses, according to data firm BrightScope. Economy: If you’re one of the folks who believes we’re barreling toward a recession, you’ve got Bill Gates on your side. The billionaire told CNN yesterday that “I’m afraid the bears on this one have a pretty strong argument that concerns me a lot.”