Stocks Dropped Again Thursday

The 2022 stock market crash could continue. Thursday's sell-off followed Wednesday's.

The Dow fell more than 235 points, or 0.8%, after falling nearly 475 points earlier. Thursday morning, the blue chips hit a new 52-week low, down 14% this year.

The S&P 500 fell 0.6% from its all-time high on January 3 and entered a bear market. The tech-heavy Nasdaq fell 0.3%. This year, the Nasdaq fell 27%.

Cisco's missed sales forecasts and weak outlook weighed on tech stocks Thursday. Cisco (CSCO) fell 14% in response.

Walmart (WMT) and Target (TGT), which have dragged down Wall Street this week due to disappointing outlooks, got hit again Thursday.

Kohl's (KSS) shares rose nearly 4% Thursday despite missing earnings and cutting guidance.

Poor corporate results raise recession alarms. More experts predict a downturn this year or early 2023. Wall Street is uneasy.

Investors may be worried about how market turmoil is affecting hedge funds and other institutions.

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