Wall St Week Ahead Investors seek shelter as U.S. stocks grow more turbulent

, on Friday hit its highest in nearly seven months, as the S&P 500 slid for the week. The benchmark stock index is down 8% from late July, when it hit its high for the year, though still up 10% year-to-date.

Nevertheless, “it is no doubt a challenging environment for well-diversified portfolios," said Angelo Kourkafas, senior investment strategist at Edward Jones. Of Treasuries, he said, “We have this safe haven asset class that is not necessarily at the moment getting any bid or providing much safety from that volatility of the headlines.”Investors have plenty of reasons to be jumpy.

"Safe-haven assets have not performed as expected in response to conflicting growth data and elevated geopolitical tensions," analysts at UBS Global Wealth Management wrote on Friday.

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.

Stocks like Nvidia have 'earnings upside' ahead of quarterly reports, Wall Street analysts sayWall Street analysts named a slew of stocks that will surprise to the upside heading into earnings.
Source: CNBC - 🏆 12. / 72 Read more »

3 things to watch in the stock market next week as bond yields hover at 2007 highsWall Street had its best session in weeks Monday but closed lower for the week.
Source: CNBC - 🏆 12. / 72 Read more »