Investors seek shelter as U.S. stocks grow more turbulent

NEW YORK - Growing volatility in U.S. stocks is driving a search for defensive assets, though investors may have fewer places to hide this time around.

That has left investors piling into other traditional safe-haven assets such as the dollar and gold, as well as short-term debt. Nevertheless, “it is no doubt a challenging environment for well-diversified portfolios," said Angelo Kourkafas, senior investment strategist at Edward Jones. Of Treasuries, he said, “We have this safe haven asset class that is not necessarily at the moment getting any bid or providing much safety from that volatility of the headlines.

The week ahead will be busy for markets, with earnings due from Microsoft, Alphabet, Amazon and Meta Platforms - four of the seven U.S. megacap stocks whose gains have powered the S&P 500 higher this year while the rest of the index has lagged. In currencies, the Swiss franc, a longstanding safe haven asset, stands near its highest level against the euro since 2015. The dollar is up 5% in the last three months.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock market today: Wall Street is mostly flat as bond yields continue to climbBANGKOK — Wall Street isn’t moving much, but a swirl of competing forces are pushing and pulling on markets under the seemingly calm surface.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »

Stock market today: Asian shares follow Wall Street lower, and Japan reports September exports roseBANGKOK (AP) — Shares tumbled in Asia on Thursday following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: Wall Street closes out its worst week in a month with more lossesNEW YORK (AP) — Wall Street closed out its worst week in a month with more losses. The S&P 500 fell 1.3% Friday. The Dow lost 286 points, and the Nasdaq composite dropped 1.5%.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »