The hope is that the Federal Reserve is coming close to wrapping up its inflation-fighting campaign, and that tech, the group that’s suffered the most from interest-rate hikes, will recover. The prospect, while still not imminent, came a step closer to reality Friday when the latestreport showed a deceleration in wage growth, which the Fed is looking for as a sign of progress in its inflation battle. Perhaps not surprisingly, the tech-heavy Nasdaq 100 Index had its best day since Nov. 30.
“Ultimately, if the Fed gets inflation under control, tech has a chance to be the market leader, but the Fed is still in play for at least another six to eight months,” said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.has ordered “Investors are either dealing with uncertainty around inflation, or they’re dealing with anxiety about growth, and in either case it’s a lose-lose situation for tech megacaps,” said Zaccarelli.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EE Business Intelligence: Attempted murder of departing Eskom CEO Andre De Ruyter reported to SAPSEskom CEO Andre De Ruyter has allegedly survived a murder attempt at his office in Megawatt Park, where he drank a cup of coffee laced with cyanide. chrisyelland He was getting too close, wasn't he? The rot that is the ruling party chrisyelland 🤣🤣🤣🤣🤣🤣 chrisyelland He's useless and incompetent.
Source: dailymaverick - 🏆 3. / 84 Read more »
Dubai ends alcohol tax to boost business, tourismDubai kicked off the new year by scrapping a 30% tax on alcohol sales and making liquor licences free in an apparent move to bolster its status as the Middle East’s leading business and tourism hub. GovernmentZA jonga abanye abantwana benzani. PresidencyZA CyrilRamaphosa
Source: SundayTimesZA - 🏆 47. / 51 Read more »
China ends quarantine for overseas travellers | BusinessChina lifted quarantine requirements for inbound travellers on Sunday, ending almost three years of self-imposed isolation even as the country battles a surge in Covid cases.
Source: News24 - 🏆 4. / 80 Read more »
Ten Hag criticises Man Utd's past transfer business | KickOff'Most purchases have been average' Manchester United manager Erik ten Hag has criticised the club's transfer business since the departure of Sir Alex Ferguson. Read more ▶️
Source: KickOffMagazine - 🏆 36. / 51 Read more »
Bloem business booming amid ANC January 8 celebrationsFree State Gambling, Liquor and Tourism Authority CEO Kenny Dichabe says that hotels and other accommodation in Mangaung were fully booked for the ANC's January 8 celebrations - a major boost for the local economy.
Source: ewnupdates - 🏆 30. / 53 Read more »
This is how attracting Chinese tourists can help SA industry recover, suggests hospitality expert | BusinessChina is about to reopen its borders, and now is the time for SA's tourism industry to capture this lucrative market, says the national chair of hospitality industry body, Fedhasa. | News24_Business _Business Opening which door ? Tourists or virus carriers? But because we always have our hand out begging for a handout, we'll sacrifice the country's health for pennies. Wonder if they would open their borders for us if we had increased numbers? ImNotFighting _Business And to open another covid pandemic _Business Wit dis new corona variant ne
Source: News24 - 🏆 4. / 80 Read more »