“The market clearly would have preferred an in-line number,” said John Lynch, chief investment officer at Comerica Wealth Management. “But because it was more than double expectations, that really ratchets up the fear factor that the Fed would have to be more aggressive.” On the other ha...
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iCapital’s Anastasia Amoroso,on CNBC today, reiterated how uncertain investors are and that that prices have dropped below the 3 month moving average. She highlights the disconnect between the stock market and the economy and how the labor market is slowing. She points out a big drop in the ...
Australia’s S&P/ASX 200 was little changed at 7,663.50 after the Australian Bureau of Statistics said Wednesday the country’s inflation rate held at a two-year low in January, triggering hopes that the Reserve Bank may cut its benchmark interest rate. Related Stories Stock market today: ...
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Australia’sS&P/ASX 200rose 0.79% to end trading at 8,318.4. — Dylan Butts Tue, Oct 15 20243:17 AM EDT Europe stocks open higher Stoxx 600 index. European stocks opened broadly higher Tuesday, with theStoxx 600index up by 0.34% at 8:15 a.m. in London. ...
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