• US stocks trade mixed after string of losses as investors assess new Fed comments and ADP report

    1 month ago - By Business Insider

    Spencer Platt/Getty Images
    US stocks rose Wednesday after losing ground in the previous three sessions.
    Investors on the last day of August trading assessed ADP private payroll figures.
    Cleveland Fed President Loretta Mester said she sees the Fed raising rates beyond 4%.
    US stocks were mixed Wednesday, struggling to break a run of losses since the Federal Reserve Chairman Jerome Powell signaled a higher-for-longer environment for interest rates, with investors assessing fresh rates commentary from another key Fed official and a report on monthly private payrolls. Wall Street's major...
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  • Markets aren't nervous enough as a key recession indicator just flashed - but JPMorgan says that doesn't mean it's time to sell stocks

    1 month ago - By Business Insider

    Welcome to your hump day market update, readers. I'm Phil Rosen. It's good to see you here. Since Mr. Powell's Jackson Hole speech, stocks have tumbled as investors gear up for more steep rate hikes. But one Wall Street firm says markets aren't down and out just yet, even as a historically dead-on bad-news signal just blared and tickers are as red as Clifford. Before we get to that, I sat down with a portfolio manager this week and he shared five book recommendations to better understand Europe's ongoing energy crisis, including one that makes the case for fossil fuels. See his picks here...
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  • Wells Fargo says US stocks could tumble another 9% and warns 'cracks' are showing in the market

    1 month ago - By Business Insider

    US stocks have fallen since the middle of August. ANGELA WEISS/Getty Images
    Wells Fargo said US stocks could drop another 9% as "cracks" begin to show in the market.
    Equities have been on a wild ride in 2022, with a recent rebound giving way to sharp falls once again.
    Wells Fargo expects the US to enter recession next year as the Fed hikes rates to tame inflation.
    Wells Fargo has said US stocks could drop another 9% and cautioned that "cracks" are starting to show in the market as the Federal Reserve presses ahead with interest-rate hikes. "We expect the S&P 500 index to break below 4,000...
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