Ugly Start to the Week for Stocks: Rate Hike Worries, Russia-Ukraine Tensions, Crypto Collapses, Earnings Watch -- and When Will Growth Stocks Bottom?
Carl Quintanilla, Jim Cramer and David Faber focused on stocks tumbling to begin the week – the Dow falling for a seventh-straight day, the S&P 500 entering correction territory and the Nasdaq touching eight-month lows. Also in the mix: Bitcoin extending losses, down 50% from its record high. The anchors explored what investors should do now in wake of rate hike worries ahead of this week’s two-day Fed meeting, geopolitics and Russia-Ukraine tensions, and the slump in growth stocks ahead of this week’s earnings reports from the likes of Apple and Microsoft. Unilever and Kohl’s bucking the downtrend, surging on activist investor-related news.
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