Stock market today: Dow closes lower on rate hike jitters, but notches 4th weekly win By Investing.com

Fed Governor Christopher Waller said further rate hikes were still needed to curb inflation, adding that investors shouldn’t “expect rates to fall any time soon.”sharply higher as investors upped their bets on further Fed monetary policy tightening ahead just as data showed signs of weakness in the consumer.

The report showed “further slowing in consumer spending, but importantly, not a sharp deterioration,” Morgan Stanley said in a note. “The largest declines were driven by a reversal in gas prices, but there was also broad-based weakness across nearly every category of spending,” it added.

Bigger picture, nearing the end of hikes. We are through the worst and market is looking ahead.

Canada Canada Latest News, Canada Canada Headlines

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

Stock market today: Dow closes higher as big tech rallies; Bank earnings eyed By Investing.com*DOW CLOSES HIGHER AS BIG TECH RALLIES; BANK EARNINGS EYED $DIA $SPY $QQQ 🇺🇸🇺🇸 Thought bank earnings will be bad BullMarket bank will collapse more deep
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow Futures Creep HigherU.S. stock futures edged up ahead of the release of the producer-price index. Follow the latest markets updates.
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: Dow struggles for direction after PPI shows wholesale inflation slowsMarketWatch Live: Stocks gain, Treasury yields dip after latest inflation update
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock market news today: Dow jumps 383 points amid falling inflationDow soars 383 points as US stocks jump on more signs inflation is falling
Source: BusinessInsider - 🏆 729. / 51 Read more »