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Bags, Nasdaq under fire: tech in a dive. And economies slow down

Down again. Global stock exchanges continue to suffer from signs of an economic slowdown coupled with restrictive monetary policies, adopted to win the battle against inflation. Today, May 24, the Dow Jones closed at + 0.16%, the Nasdaq at -2.35% and the S&P 500 at -0.79% on Wall Street. Without a change of pace, the eighth week in a row in red for theindex S&P 500 which fell again to intraday level below 3,900 points, approaching the -20% threshold which, …

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