The market seemed ready to bounce back this morning to recoup some of the losses from the sell-off in the previous session, which erased December gains for the S&P 500. As of yesterday’s close, the Nasdaq was down 3.6% so far for the month and is on...
Stocks sank in early trading following last week’s decline. Investors are grappling with surging infection rates and an upcoming shift in Fed policy as the winter holiday season approaches. Reopening trades were the biggest losers once again in pre-market trading. High-priced tech stocks also continued to bleed.
Stocks ticked lower this morning as investors process Fed policy changes, the impact of rising inflation, and news about the spreading variant. Investors continued to move out of high-growth tech names and into cyclical names.
“As the Federal Reserve turns more hawkish and expectations...
Stocks ticked higher this morning, looking to add to yesterday’s gains after the Fed brought clarity to some of the question marks surrounding the timetable for upcoming policy changes.
Investors seemed relieved yesterday as Fed chair Powell outlined plans for the tapering of asset...
Stocks were flat ahead of the highly anticipated Fed rate decision slated for 2:30 pm. In an effort to quell sky-rocketing inflation, which is at its highest level in 39 years, economists expect the central bank to announce the speeding up of the emergency bond-buying program instituted...