China News Agency, New York, June 30 (Reporter Wang Fan) The US stock market closed down on the 30th.

Since that day is the last trading day of June, the trend of US stocks has attracted much attention.

By the close, the S&P 500 had its worst first-half performance in more than half a century.

　　On the day, the Dow Jones Industrial Average fell 253.88 points, or 0.82%, to close at 30775.43; the Nasdaq Composite lost 149.16 points, or 1.33%, to close at 11028.74; the S&P 500 lost 33.45 points, or 0.88%, to close at 3785.38.

　　With the end of June trading, the three major U.S. stock indexes all handed over their first half transcripts.

Among them, the Dow has fallen by more than 16% from its high point in the first half of the year, the Nasdaq has fallen by nearly 32%, and the S&P 500 has fallen by more than 21%.

The tech-heavy Nasdaq was hit particularly hard, while the S&P 500 posted its worst first-half performance since 1970.

　　The "Wall Street Journal" quoted analysts as saying that the U.S. stock market has experienced a tragic situation once in decades, and there may be greater volatility in the future.

For investors, inflation and Fed rate hikes are the biggest risks currently visible.

However, after the U.S. stock market fell sharply in the first half of the year, the second half of the year did not always perform well.

The S&P 500 fell more than 15% in the first half of 1932, 1939, 1940, 1962 and 1970, but rose an average of 24% in the second half.

　　Bloomberg said that since 1957, the S&P 500 has suffered losses in the first half of the year, and the decline continued in the second half of the year.

This means that how U.S. stocks will play in the second half of this year may be akin to a "coin toss."

There is little correlation between the performance of the first half and the second half.

Investors still need to pay close attention to the economic outlook.

　　Lauren Goodwin, an economist and portfolio strategist at New York Life Investments, said the market's focus is on whether the U.S. economy can achieve a "soft landing", and she believes that the current runway for the Fed to achieve a "soft landing" is "not only narrow but also It’s bumpy,” and while household spending and business balance sheets still look relatively strong, avoiding a recession feels difficult.

　　On the 29th, US Federal Reserve Chairman Powell said at the European Central Bank's annual forum that he was more worried about the Fed's inability to curb high inflation than raising interest rates too much and causing the economy to fall into recession.

He said the Fed will keep raising interest rates until inflation is under control.

Currently, the target range for the U.S. federal funds rate is between 1.5% and 1.75%.

Markets expect the Fed to raise rates by another 75 basis points in July.

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