Stock prices were lower in June as the growing recession
talk prompted investors to manage risk
in their portfolios.
The Dow Industrials lost nearly 7 percent,
while the S&P 500 fell more than 8 percent.
The Nasdaq dropped almost 9 percent. Markets grappled
all month with an uncertain economic outlook.
Unwelcomed inflation news raised concerns
that the Fed would need to become more aggressive
with rate hikes, making the prospect of a recession
more likely.
Fed Chair Powell told Congress on June 22
that the Fed was committed to combating inflation, which
was generally well-received.
But the enthusiasm faded in the final days
as choppy trading led to declines to close out
the month. In early July,
earnings season kicks off, and companies will give investors
key insight into the health of American consumers
and their ability to navigate a challenging landscape.
Each quarter, the degree to which the stock market responds
to corporate earnings varies.
But as investors grapple with a cloudy outlook,
company reports may serve as an important barometer
to measure the nation's economic health
and evaluate stock prices.
Clean Beaches Week takes place each year
during the first week of July.
Independence Day typically sees the largest number
of beach visitors each year, but more visitors also
means more litter left behind.
Since 2003, more than 150 coastal communities
around the United States have joined together
to support cleaner environments for locals and visitors.
These efforts help coastal communities
thrive, keep beloved destinations beautiful,
and maintain a happy, healthy home for wildlife.
Plus, it's a totally "un-shelfish" way to give back.
Stay sandy this summer!