U.S. stocks closed lower on Wednesday for the second time in three days after a choppy session as a rally inspired by softening inflation data appeared to take a breather. Market strategists cited concerns about Target Corp.’s TGT, -13.
14% earnings for helping to weigh on equity prices Wednesday. The S&P 500 SPX, -0.83% finished down 32.87 points, or 0.8%, to 3,958.86. The Dow Jones Industrial Average DJIA, -0.12% was off 39.22 points, or 0.1%, to 33,553.70. The Nasdaq Composite COMP, -1.54% closed off 174.75 points, or 1.5%, to 11,183.66.
US stocks are trading at unrealistic high prices. It is ignoring all the warning signs of war, inflation and political stalemate in the US.
Everyone on the planet knows the market is in “nose dive November” mode.
We should head lower and soon
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Source: WSJ - 🏆 98. / 63 Read more »