Stocks fall as JPMorgan warning helps send banks lower

28-year-old Dominic Green signed out of his shift on a Wednesday afternoon. Five days passed before his body was discovered.

Christopher Waller, a member of the Federal Reserve’s Board of Governors, said Thursday that he would be“We went into this week feeling that the Fed would make a move significant enough to show it had more control” in fighting inflation, said Greg Bassuk, CEO at AXS Investments. “A meaty Fed rate hike alone does not rule out an opportunity for a soft landing, but the window is shrinking.”

Investors have grown increasingly worried as retail sales and other data point to an economy already slowing. That could make it more difficult for the Fed to make a so-called “soft landing,” in which it raises rates just enough to cool inflation without causing a recession. Concerns about the Fed’s rate increases have prompted Bank of America to forecast a mild recession hitting the economy in the second half of the year and more pain for traders. The benchmark S&P 500 index has already slumped into a bear market, down 20% from its most recent high in January, and probably hasn’t hit bottom yet, according to the bank.

Investors are will get a clearer picture in the coming weeks about how badly inflation is hurting companies. Several more banks are on deck to report earnings Friday, including Citigroup and Wells Fargo, along with insurer UnitedHealth Group.

Great stock buying opportunities! Smart people BUY. DDAIF $50.10. Ford $10.90. Hold off on Disney until it drops to $65. When the Fed raises the rate again and stocks plummet, BUY all of the bargains! LaughingAllTheWayToEarlyRetirement

Business Business Latest News, Business Business Headlines

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

US stocks fall as JPMorgan releases weak earnings, warningInflation at the wholesale level climbed 11.3% in June compared with a year earlier. It follows a worrisome report on Wednesday showing prices at the consumer level remain high.
Source: wrtv - 🏆 598. / 51 Read more »

U.S. stocks open sharply lower after June CPI data showed inflation was higher than expectedU.S. stocks opened sharply lower after the consumer-price index showed inflation rose in June more than expected, with the annual rate climbing to a nearly...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks Making the Biggest Moves Premarket: Delta Air Lines, Twitter, Snap and MoreThese are the stocks posting the largest moves before the bell.
Source: nbcchicago - 🏆 545. / 51 Read more »

China Stocks Hit Fresh Turbulence, Casting Doubt Over Recent ReboundA nascent recovery in Chinese stocks has global investors that were burned by Beijing’s regulatory crackdowns asking: Is it time to get bullish again on China? Weren’t there reports of bank runs of certain regions in China? And reports of people not being able to withdraw their money. Yeah good luck with those accounting practices
Source: WSJ - 🏆 98. / 63 Read more »

Stocks fall, but end off session lows as investors weigh rate hikes, earnings seasonStocks finished well off session lows as investors weighed the size and scope of expected rate hikes and assessed downbeat earnings from JPMorgan and Wells Fargo. The Dow Jones Industrial Average fell around 143 points, or 0.5%, to finish near 30,630:
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks tumble as inflation, rate hikes stoke recession fearsStocks sold off in early trading Thursday as bank earnings offered more bad news for the economy. But hey - 10% for the Big Guy Two major factors affecting most the world’s economy “war” and “pandemic”. It will take a while for many countries to get back to their feet as the whole world was shut down for more than 2yrs. The effect of this will be realized 2 or 3 yrs later. Inflation is just the beginning.
Source: washingtonpost - 🏆 95. / 72 Read more »