Banks, oil stocks set Wall St for rebound after Fed-induced rout | Malay Mail

JUNE 21 — Wall Street’s main indexes were set to open higher today as financials and energy stocks rebounded after hawkish comments from the Federal Reserve last week led the blue-chip Dow and the benchmark S&P 500 to their biggest weekly fall in months.

However, the Fed’s hawkish signals on monetary policy last week sparked a round of profit taking that wiped out value stocks’ lead over growth this month. “There is some conflicting news coming out of the Fed. Not all the presidents seem to be on the same page as the Fed chairman,” said Drew Horter, chief investment officer of Tactical Fund Advisors, in Cincinnati, Ohio.

“There’s going to be churning, there’s going to be consolidation. The market is historically at very frothy valuations as we head into lower volume months of the summer,” Horter said.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian stocks drop as Fed shift reverberates; Treasury yields slide | Malay MailTOKYO, June 21 — Asian stocks dropped today as investors mulled the implications of a surprise hawkish shift last week by the US Federal Reserve, while the Treasury yield curve flattened further with 30-year yields dropping below 2 per cent. Japan’s Nikkei led declines with a 3.3 per cent drop...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »

European stocks drop at open on US rates worries | Malay MailLONDON, June 21 — Europe’s stock markets swung lower today on growing expectations the Federal Reserve will begin lifting interest rates as early as next year, dealers said. In opening deals, London’s benchmark FTSE 100 index slid 0.7 per cent to 6,969.79 points, compared with Friday’s...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »