Wall St Week Ahead-Investors wonder when vicious sell-off in U.S. stocks will end

Wall St Week Ahead-Investors wonder when vicious sell-off in U.S. stocks will end

A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for more pain ahead.

Wall Street banks are adjusting their forecasts to account for a Federal Reserve that shows no evidence of letting up, signaling more tightening ahead to fight inflation after another market-bruising rate hike this week.

The S&P 500 is down more than 22% this year. On Friday, it briefly dipped below its mid-June closing low of 3,666, erasing a sharp summer rebound in U.S. stocks before paring losses and closing above that level.

With the Fed intent on raising rates higher than expected, “the market right now is going through a crisis of confidence,” said Sam Stovall, chief investment strategist at CFRA Research.

If the S&P 500 closes below the mid-June low in the days ahead, that may  ..

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