Stocks ticked higher last week, with the S&P 500 rising 0.4% to close at 4,327.78. The index is now up 12.7% year to date, up 21% from its October 12, 2022 closing low of 3,577.03, and down 9.8% from its January 3, 2022 record closing high of 4,796.56.How were margins in Q3, and what’s management’s outlook for margins in the quarters and years to come?: If customer demand is weak, companies may cut prices to move volume, which is bad for margins.
On an annualized basis, monthly core CPI was up 3.9%. On a three-month annualized basis, it was 3.1%. Importantly, the more tangible "hard" components of the index continue to hold up much better than the more sentiment-oriented "soft" components., the gap wage growth between those who switch jobs and those who stay at their jobs continues to close. Job switchers saw 6.7% wage growth in the 12 months ending in September, whereas job stayers saw 5.4% growth during the period..
The JPMorgan CEO laid out a series of risks, pointing to concerns with the Fed, rising debt, and geopolitical conflicts.After witnessing sharp downside correction in recent months, these two Canadian stocks could turn out to be big winners in the coming years. The post From Bear to Bull: The Canadian Stocks Set to Bounce Back Strongest appeared first on The Motley Fool Canada.Given the market circumstances, these two TSX bank stocks can be worthwhile additions to your self-directed portfolio.
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