Wall Street ends week with significant losses – Nasdaq with worst month since financial crisis

new York “Simply terrible” – this is how the analysts at Bank of America summarized the mood on Wall Street. Because no matter how you look at it: There have only been negative records on the stock markets recently: The Nasdaq technology exchange lost 13.3 percent in April. This is the worst loss since October 2008, when the collapse of the investment bank Lehman Brothers caused a tremor in the markets. Amazon lost 14 percent on Friday alone after quarterly figures disappointed investors. It was the online giant’s worst day since 2006.

The broader S&P 500 lost 8.8 percent in April, its worst month since the pandemic began just over two years ago. Investors are bracing for a period of higher interest rates and a slower-growing economy. How painful this change can be is now becoming increasingly clear.