Stocks close lower, Dow sheds more than 250 points to snap six-day win streak

Shopify

The first quarter will likely mark a turning point for the market – and its upward trajectory probably won't continue, he said. The strategist's comments arrive as stocks take a breather from their latest run. Still, the S&P 500 is up more than 5% for the year, while the Nasdaq Composite has bounced more than 9%. The Dow Jones Industrial Average is up about 2.3% in 2023.

Barring any major surprises, Chief Investment Strategist Chris Senyek expects Powell's tone to be more hawkish than expected as he attempts to rein in the "vicious rally" across the market. Senyek said that he sees "two potential paths ahead: there's a "soft landing", but the Fed hikes to 5%+ and stays there at least into 2024, or the Fed does end up cutting this year, but it's because the U.S. is hurtling toward a deep recession. Either way, big disappointments are likely!"

Will it go up from March?

Markets: 'We better let some steam off or Powell will do 50'

Dont invest in ATT or DirekTV!

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks end lower, Dow snaps six-day win streak as Fed decision loomsU.S. stocks ended lower Monday, with the Dow Jones Industrial Average snapping a six-day win streak, as investors brace for the outcome of the Federal...
Source: MarketWatch - 🏆 3. / 97 Read more »

Jim Cramer's Investing Club meeting Monday: Dow stocks, Fed, FordInvesting Club: 3 investing lessons from the Club’s meeting Friday: Dow stocks, Fed, Ford
Source: CNBC - 🏆 12. / 72 Read more »

Dow futures tick lower as investors brace for Fed, earnings By Investing.com⚠️BREAKING: *U.S. STOCK FUTURES POINT TO SHARPLY LOWER OPEN AS WALL STREET BRACES FOR FED RATE HIKE, BIG TECH EARNINGS $DIA $SPY $QQQ 🇺🇸🇺🇸 Shit show
Source: Investingcom - 🏆 450. / 53 Read more »

U.S. stocks open lower as investors brace for Fed meeting, earnings delugeU.S. stocks opened lower on Monday as traders took profits before the Federal Reserve is expected to hike interest rates by 25 basis points. The Dow Jones Industrial Average retreated by 75 points, or 0.2%, to 33,903:
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow futures drop 200 points as Fed decision, tech earnings awaitU.S. stock futures slumped on Monday to kick off a big week that features a Federal Reserve interest-rate decision, a jobs report and several key...
Source: MarketWatch - 🏆 3. / 97 Read more »