Independence Day is a holiday established by the United States to commemorate the approval of the Declaration of Independence by the Continental Congress on July 4, 1776. The declaration of independence means the founding of the country. In this sense, Independence Day is the Nat

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Due to the American Independence Day holiday, US stocks will be closed for one day on July 4th.

Independence Day is a holiday established by the United States to commemorate the approval of the Declaration of Independence by the Continental Congress on July 4, 1776. The declaration of independence means the founding of the country. In this sense, Independence Day is the National Day of the United States.

Second quarter corporate earnings reports, highly anticipated U.S. inflation data, labor market data and Federal Reserve data from the latest policy meeting will be the key points in the next stage.

The stock market has started in July. Can U.S. stocks enter a positive zone in the new quarter?

However, the slight rise of the three major stock indexes on Friday did not bring any breathing space to the stock market.

On Thursday, the Standard Index fell 20.6% in the first six months, its biggest first-half decline since 1970. The Nasdaq index , which is dominated by technology stocks , fell 29.5%, the largest decline from January to June and a record high. The Dow Jones Industrial Average fell 15.3% on the last trading day in June, the blue-chip index's worst performance since 1962.

"People have been saying that the recession is being priced in by the stock market," said U.S. stock strategist Malley. "I think it is just starting to be priced in."

How long will it be before the next recession?

Federal Reserve Chairman Jerome Powell told an ECB panel on Wednesday that there was "no guarantee" the Fed could avoid a hard landing, raising the possibility that policymakers could abandon plans to raise interest rates to 3.8%.

The U.S. government has only recently begun to acknowledge Wall Street long-standing concerns that further raising interest rates to curb inflation could push the economy into recession.

The effects of a recession are myriad and may be mild or long-lasting, and no matter what form the pullback takes, one thing seems certain: When it comes, there's going to be a lot of hurt.

Trader works at the New York Stock Exchange (NYSE) on June 30, 2022 in New York City, United States.

The U.S. economy shrank at an annualized rate of 1.6% in the first quarter, reflecting a deeper contraction than previously reported, the U.S. Bureau of Economic Analysis said.

predicts that next quarter’s data may reflect a more severe situation, estimating that the real GDP growth rate in the second quarter of 2022 will be -2.1%.

"If I had to bet, I would say this is probably one of the worst recessions we've seen in recent history," Zuckerberg said.

Mark Zuckerberg announced the company’s new name and Meta logo during a Facebook Connect live broadcast on October 28, 2021.

Layoffs have been most widespread in the technology and real estate sectors so far, with companies including JPMorgan Chase, Microsoft, Tesla, Real Estate Platform (RDFN) and others suspending hiring, canceling offers and accelerating layoffs.

Even a low-end recession could cost hundreds of thousands of Americans their jobs. As earnings fall, battered stocks could fall further.

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