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Defensive Stocks Are Starting to Crack

TheMotleyFool

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Defensive Stocks Are Starting to Crack: https://g.foolcdn.com/editorial/images/680715/department-store-2022-gettyimages-663982076.jpg

The stock market saw big declines on Wednesday, wiping out Tuesday's gains and returning to close to their worst levels in more than a year. Inflationary pressures made themselves felt more prominently than ever in earnings reports from key companies, setting the stage for a decline that continued throughout the day. By the close, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) were down between 3.5% and 5%.

Index

Daily Percentage Change

Source Fool.com

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