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Published: Sep 14, 2022 6 min read

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Stock Exchange Trader On Stock Floor

Stocks just suffered their worst day since 2020 following a higher-than-expected inflation report. If you checked your investment portfolio, you're likely nervous — and wondering what's next for stocks and what you can do about it.

The stock market experienced a bit of a meltdown on Tuesday with the S&P 500 ending the day down 4.3%, the Dow Jones Industrial Average down 3.9% and the Nasdaq Composite down 5.2%. Stocks were up slightly mid-day Wednesday.

This year has been a volatile one for stocks. Though the S&P 500 started the year at a record high, it plummeted into a bear market in June. A summer rally may have provided investors some relief — but stocks fell once again in August.

While investors have been hoping that the Federal Reserve may be able to slow and/or decrease the size of rate hikes, Tuesday's report was a sign that inflation pressures remain.

"Yesterday was kind of a resetting of expectations," says Matt Dmytryszyn, chief investment officer of Telemus, a wealth advisory firm.