Vox Sentences - Stocks tumble again

Wall Street sees another day of volatility; Burkina Faso's military ousts the democratically elected president.

Tonight's Sentences was written by Jariel Arvin.

Stocks tumble for a second day

Timothy A. Clary / AFP

• Wall Street experienced another day of volatility Tuesday as investors face uncertainty ahead of the Federal Reserve’s first policy meeting of 2022. [New York Times / Coral Murphy Marcos]
• Since the start of this year, the S&P 500, a benchmark for the stock market, has been down almost 9 percent. Unless it recovers by the end of the month, this will be the worst January in the index’s history. [Axios / Matt Phillips]
• Stocks are falling as investors sell to try to shield themselves from lackluster company earnings, expectations the Fed will raise interest rates, and rising international tensions between NATO and Russia — any of which could bring prices down even further. [Washington Post / Aaron Gregg]
• Once viewed as the future of currency, crypto assets have also plummeted in recent months. Since November, Bitcoin has lost 45 percent of its value as investors rush to get rid of their most risky investments and assets. [Slate / Jordan Weissmann]
• Investors are now anxiously waiting to see what Federal Reserve Chair Jerome Powell announces after Wednesday’s policy meeting. The central bank has said it would raise interest rates this year. [Yahoo / Alexandra Semenova]

Burkina Faso's military stages a coup

• Hundreds of people marched in the streets of Burkina Faso’s capital on Tuesday in support of the military overthrowing democratically elected President Roch Kabore, whose whereabouts remain unclear. [AP / Sam Mednick]
• A senior military official announced the coup on state television Monday evening, claiming the military ousted Kabore due to the “ongoing degradation of the security situation” in the West African country and the “incapacity of the government” to bring people together. [CNN / Sam Mednick, Stephanie Busari and Niamh Kennedy]
• The military’s supporters think it would fare better than Kabore’s government in combatting terrorism. Violence linked to Islamist militants has rocked the West African country since 2015; 1.4 million people have fled their homes and were 2,000 killed last year. [New York Times / Declan Walsh]
• West African governments have relied on French counterterrorism support. But after the military seized control of neighboring Mali in 2021, French President Emmanuel Macron announced a troop drawdown likely to cut the number of soldiers stationed there in half, leaving Burkina Faso to fend for itself. [Washington Post / Danielle Paquette]
• The country’s next leader will be Lt. Col. Paul-Henri Damiba, a senior military officer who has presented himself as an expert on terrorism in the region. [Al Jazeera]

Animal owners in Hong Kong are chartering private flights to help get their pets out of the country as many leave the financial hub due to its strict Covid measures. [CNN / Lilit Marcus and Ivan Watson]

• Britain’s Prince Andrew, already stripped of his titles by the Queen, has moved to sell his Swiss chalet to raise cash for legal fees as he faces a sexual abuse lawsuit. [Washington Post / Greg Miller]
• The SAT is going digital for American students in 2024; many colleges have already dropped the exam as an admissions requirement. [USA Today / Chris Quintana]
• Pfizer and BioNTech announced they have begun clinical trials of a vaccine for the omicron variant. [Reuters / Michael Erman and Ludwig Burger]

“Unlike his predecessor, President Biden does not look at the stock market as a means by which to judge the economy.”

[A White House official compares Biden’s response to the stock market to Trump’s / CNN]

Since 1995, we’ve confirmed the existence of nearly 5,000 planets outside of our solar system. [YouTube]

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