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Updated July 4, 2022 7:23 am ET / Original July 4, 2022 12:00 am ET
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Investors are likely getting out their hamburger buns—and putting away their stock trading apps—on Monday for Independence Day.
This year, the Fourth of July falls during the first full week of the third quarter. Stocks had a brutal second quarter, which saw the S&P 500 closing the April-June period down 16.5%. Amid fears of rising inflation, supply-chain shortages, and a possible recession, the broad market index has dived about 20% so far this year.