Here’s the deal: We’re officially in a bear market, which happens when stocks close down 20% or more from their most recent high. The S&P 500, the broadest measure of Wall Street, ended the day down 3.9%. (But the bear market technically began on January 3 of this year, when the index hit its all-time high. Higher interest rates make it more expensive to borrow money, and that tends to sap earnings and stock prices. COMFORT STOCKSSavvy investors know you can always find winners on Wall Street, even when things look as bad as they did Monday.

Source: CNN June 14, 2022 07:42 UTC