The stock market surged in March, but investors are still reeling after a tough start to 2022.
The Dow fell more than 550 points Thursday. It and the S&P 500 each dropped nearly 5% in the first three months of the year, while the Nasdaq plummeted nearly 9%. It's the worst quarterly performance for the markets since stocks tanked in the first quarter of 2020 when the Covid-19 pandemic first hit US shores.
C firms tanked during the first quarter and the market for initial public offerings ground to a halt. According to data from EY released Thursday, the number of global IPOs plunged 37% from a year prior. Cs are no longer the 'it' investment"The market shock from geopolitical tensions and other economic concerns in the second half of the quarter created volatility and impacted the capital markets," EY global IPO leader Paul Go said in the report."There is a risk that IPO activity will continue to slow further with IPO candidates choosing to postpone their transactions."Meme stocks, such as GameStop , AMC and Robinhood have been volatile too.
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