The S&P 500 rebounded after a slide that reached 1% earlier in the session. Gains in defensive shares led the move from session lows, while the Nasdaq 100 underperformed. Treasuries slumped across the curve, taking the 10-year yield above 3.3%. The dollar advanced.US shares have wiped out about half of a rally from their June lows after the Federal Reserve signaled it will stay hawkish as it confronts the hottest inflation in four decades.
To Matt Maley at Miller Tabak + Co., any gains at this point should be seen as a short-term relief rally after a rough couple of weeks. He says traders should use those bounces as an opportunity to get more defensive. Morgan Stanley strategist Mike Wilson cut his expectations for earnings-per-share growth, saying that a slowing economy is now likely to be a bigger concern for stocks. In 2023, he expects profits to fall 3% even in the absence of a recession.
I never knew I would be what as I'm today so mush suffering, saw a post about your platform and I took a step to try if it's going to work, you changed my life financially, I just want to share your good work and let the world know how great you are JamesAlderson0
Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
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.
Asian stocks inch up on expected China stimulusMSCI’s gauge of Asia-Pacific stocks outside Japan slightly up Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Global stocks lower, euro dips on Russian gas supply woesEuro drops below 99c for first time in 20 years and European gas prices jump as much as 30%
Source: BDliveSA - 🏆 12. / 63 Read more »