The S&P 500 ended 18.6% below the record high it set in early January. FOX13
both had warnings this week about inflation cutting into finances. Discount retailer Ross Stores sank 22.5% on Friday after cutting its profit forecast and citing rising inflation as a factor."The latest earnings from retail companies finally signaled that U.S. consumers and businesses are being negatively impacted by inflation," Arone said.
But these traders, called "retail investors" by Wall Street to differentiate them from big institutional investors, have been pulling back as stocks have tumbled. Individual investors have turned from a net buyer of stocks to a net seller over the last six months, according to a recent report from Goldman Sachs.
NEW YORK, NEW YORK - MAY 18: Traders work on the floor of the New York Stock Exchange on May 18, 2022 in New York City. The Federal Reserve has made an aggressive pivot away from propping up financial markets and the economy with record-low rates and is focused on fighting inflation.
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