US Stocks Record Worst First-Half Fall In 50 Years

US Stocks Record Worst First-Half Fall In 50 Years

Global stocks down amid war and recession fears, while household incomes are falling.

US stock markets have suffered the sharpest first-half slump in 50 years, with the S&P 500 down by 20.6% and the tech-heavy NASDAQ tumbling 30% in the last six months.

London and Wall Street shares were down again this week as markets react to fears of a global downturn.

On Thursday the FTSE was down nearly 2% and the NASDAQ was down 3.65% after recovering slightly from previous sell-offs.

Why the markets matter to you?

·        Taxes

·        Investment

·        Jobs

·        Pensions and Savings

·        Confidence

The market correction means billions has been wiped off the value of quoted companies, mutual funds, unit trusts and pension funds.

Chaos in Sri Lanka…does it matter?

How can you protect your savings?

5 things you need to know about money

1.      How to earn more money

2.      How to manage money

3.      How to invest money

4.      How to protect money

5.      How to borrow money and use debt

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