Stocks close slightly up after prior week's selloff By Reuters

NEW YORK - U.S. stocks eked out a slight gain on Monday as investors engaged in some bargain hunting after last week's losses, the biggest percentage declines of 2023 for Wall Street's main benchmarks, as jitters persisted about coming interest rate hikes to tame stubbornly high inflation.

All three main stock indexes climbed more than 1% shortly after the opening bell, in part due to an easing in Treasury yields, and all three closed well off their session highs. Stocks steadily gave up gains throughout the session as U.S. Treasury yields moved off the day's lows. "On the heels of the worst week of the year, first three-week losing streak for the S&P since December, a little green is a welcome change but again the reality is market participants are trying to square the circle with exactly how long the Fed will leave rates high, and is a 50 basis point hike really on the table at the next meeting," said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska.

"It’s led to a good deal of uncertainty, and we have seen that when there is uncertainty there can be selling and volatility."

I wouldn't exactly refer to a 0.58% increase as people 'snapping up' anything......

Gotta love exit liquidity

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street’s most overbought stocks include PepsiCo and this little-known insurance companyInvestors should consider easing exposure to names that are still overbought. They can gauge this with the relative strength index. If you want to learn about different types of charts in trading, see this trading charts technicalAnalysis
Source: CNBC - 🏆 12. / 72 Read more »

Top Wall Street analysts expect these stocks to thrive despite macro pressuresTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Walmart & Datadog.
Source: CNBC - 🏆 12. / 72 Read more »

Fashion industry needs to better prioritize sustainability | Reuters VideoFashion designer Ozwald Boateng urges the fashion industry to prioritize sustainability during an exclusive interview with Reuters and Artic Basecamp at Davos. Boateng sees promise in Africa taking the lead, but a lack of capital hinders industry growth on a continent deeply impacted by climate change. The opposite of fashion is uniform I love their love of color. If only we can have the mind set to buy mostly made in Africa e.g. Ghana fashions with manufacturing backed by the government that's an undeniable variable to self generate capital in the African fashion industry
Source: Reuters - 🏆 2. / 97 Read more »