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Why the U.S. stock market is tumbling in 2022

The U.S. stock market is off to brutal start in 2022. The S&P 500, which is widely considered to be the main benchmark for U.S. stock market performance, declined 13.3% through April, the steepest four-month drop to start any year since 1939. The index continues to fall in May and was down 16% year-to-date as of Tuesday’s close, approaching the 20% threshold that some investors consider confirmation of a bear market.

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