celebrate father s day. we know he is going to be in his beach house in rehoboth delaware first lady and first cat willow. we saw them boarding marine one. before lunchtime today. they left about 11:00 and we don t expect them back until late on monday as part of a four day weekend that is book ended by juneteenth on monday which is a federal holiday and their 45th wedding anniversary which is today. shannon? shannon: let s hope dr. jill got him something really nice. peter, thank you. stocks were mixed. the dow lost 38. the s&p 500 gained 8. nasdaq rose 152. for the week, the dow and nasdaq dropped four and eight tenths percentage points and the s&p 500 was off five and eight tenths. jackie deangelis is here with analysis. hit the sell button hard. s&p 500, the nasdaq off dropping for the week when all was said
away from 20% of the highs, definition of a bear market. welcome. i m neil cavuto. this is your world. it was a selling world all this week amid concerns that inflation is rocketing, the fed is hiking rates and the economy could be slowing dramatically. its been so weird this week. because remember the reaction the markets had to news that jerome powell at the federal reserve was going to start aggressively hiking interest rates. a 75 basis point hike earlier this week. the highest since a fellow named bill clinton was in the oval office in 1994. that was then. concerns that he will have to do more of that right now. doesn t jackie deangelis know it. taking a look at the week that is now done. jackie? good afternoon, neil. even with this mixed picture at the close today, it was a sell button dominated wall street week. take a look at the major three
sivment good evening and thank you for joining us as we start a new week together. tonight many americans are worrying about their retirement funds as stocks dropped to new lows for the year. the sell button was hit thanks to a rising. the dow down more than 2%. nasdaq dropped more than 4% and the s&p sank more than 3%. the s&p finished in a bear market. the last time that happened was at the start of the pandemic. for those invested in bitcoin and other cryptocurrencies, the crypto market crashed wiping out billions of dollars today. ahead of a closely watched federal reserve meeting today where the central bank is all but sure to raise interest rates and the benchmark could be raised by 785 basis points, the biggest hike in moreine. reporter: good evening to you, norah. the markets nose dived today from the start of trading sending investors scrambling.
bidenomics, excessive spending, regulation and money printing as the causes of what put this country into a no-win situation. with walmart, target and kohl s missing their earnings numbers and warning that wall street should brace for head wins, investors have been hitting the sell button hard. investors are selling pricing in the difficulty that they expect to come. today s sell-off was broad-based. big tech, growth stocks, led to sell-offs. semi conductors and industrial stocks dragged on the market, too. the dow, the s&p 500, nasdaq seeing their third straight day of losses. year to date, this is ugly if you re an investor and you re watching your 401(k). you re to date, the markets have been really struggling. the nasdaq, which is the one we have up right now, the high growth tech names closing at the