Stocks close lower Friday after hot inflation report; major averages log worst week in 2023: Live updates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. stocks fell sharply Friday, wrapping up their worst week of 2023, after the Fed’s preferred inflation gauge showed a stronger-than-expected increase in prices last month. The Dow fell 1.02%. The S&P 500 shed 1.05%. The Nasdaq lost 1.69%.

), which have more than $9 billion in assets combined and both saw inflows this week. The funds can miss out on upside when markets rally, but provide investors with additional income from selling calls when markets go sideways or down.—Jesse PoundThe market is currently experiencing the effects of "too much good news at once," according to Baird analyst Ross Mayfield.

Meanwhile, bearish sentiment jumped to 38.6% from 28.8% last week, meaning pessimism remains above its historical average of 31.0% for the 61st week out of the past 66, AAII said. The numbers also mean bears have outnumbered bulls in in 62 of the past 66 weeks. But, fear not. Sentiment surveys are contrarian indicators, meaning rising bearishness equates to less risk in the market while advancing bullishness indicates more risk.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

FJB

I wouldn’t call 1% a sharp drop

Hard to believe people still actually give their hard earned $ to the WS computerized organized crime ring, only to watch it vanish in milliseconds into an algorithmic abyss, degenerate gamblers, better odds at the other casinos.

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:

 /  🏆 12. in NG

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.

These growth stocks are highly rated and are outperforming the S&P 500 in 2023Investors can take a closer look at some highly-rated names even as markets digest the likelihood of higher interest rates for longer.
Source: CNBC - 🏆 12. / 72 Read more »