Stocks wavered after a $2.7 trillion rally in November that was fueled by bets the Federal Reserve will end its hiking cycle to prevent an economic recession. The dollar erased its 2023 advance.tied to stocks and indexes mature Friday — which could amplify market instability. Applied Materials Inc. sank on a report it faces a US criminal probe for allegedly violating export restrictions to China. Homebuilders rose as new US home construction unexpectedly picked up.Bank of America Corp.
’s Michael Hartnett said investors should offload those assets as technical and macroeconomic headwinds are building. “Fade it,” he note
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