Stock Market Plunges to 2008-Level Lows

The stock market has hit its lowest point since 2008 due to several factors. Issues like instability in China, unclear signals from the Federal Reserve, dropping oil prices, and slow earnings growth have contributed to this decline, wiping out 6% of the S&P 500’s value just this year. Despite this, there’s a bit of optimism. A survey by CNNMoney shows that finance professionals expect a year-end boost, often known as a ‘Santa Claus rally,’ which could revitalize stocks and help prevent a bear market. The survey suggests the S&P 500 might finish the year at 2015, which would be a 3% increase from Friday’s close.