U.S. Forex news

10 Mar U.S. Forex news

U.S. stocks sputtered Friday to close out the week in the red. The day’s declines https://dotbig.com/markets/stocks/ZM/ of less than 1% for the broad indexes paled against those on Sept.

It’s expected to rise almost 2 points to 60.0, the third straight monthly increase after tumbling to an all-time low of 50.0 in June when record-high gasoline prices fueled inflation fears. Billionaire investor Ray Dalio predicts the Fed will hike interest rates to at least 4.5% – and warns a major recession is likely, coupled with a 20% sell-off in the stock market. Oil prices advanced on Friday but were still set for a third straight week of declines as zm stock price today macroeconomic concerns weigh. Traders fear that a global economic slowdown would cut demand for oil and other petroleum products. Stocks fell Friday as Wall Street wrapped up one of its worst weeks in months and traders reacted to an ugly earnings warning from FedEx about the global economy. Following Tuesday’s report, data from the CME Group showed investors pricing in an 82% chance of a 0.75% rate hike next week and an 18% chance of a 1% rate hike.

Sector Review

Just a month ago, before Fed chair Jerome Powell gave a speech that suggested more big rate increases were coming, the Fear & Greed Index was indicating levels of Greed, a sign of complacency. It was a broad-based slide, with all eleven sectors of the market heading lower. Tech stocks, retailers and banks were among the biggest losers. Those three DotBig groups stand to get hit the hardest if the Federal Reserve raises interest rates even more aggressively to try and get inflation under control. A profit warning by FedEx is pulling down shares of shipping companies. Packaging Corporation of America declined more than 5%. American depository receipts of DHL owner Deutsche Post fell almost 5%.

Economists had expected an 8.1% increase in inflation over last year and a decline of 0.1% over DotBig the prior month. Can the Fed tame inflation without further crushing the stock market?

Higher rates are particularly bad news for growth stocks. Only one stock in the tech-heavy Nasdaq 100 index was higher Tuesday…and not by much. The Dow was down 1,300 points, or 4%, with minutes to go before the closing bell mercifully rings on Wall Street. The S&P 500 and Nasdaq plummeted 4.3% and 5.2% respectively. https://dotbig.com/ The end of the trading day will temporarily stop the selling. But investors have another inflation report to (fear? dread? seems unlikely that anyone is looking forward to it) on Wednesday. Tech stocks suffered yet another sell-off this week as investors digested a hotter-than-expected August inflation report.

Dow Tumbles As America’s Prices Keep Rising

The rupee declined by 7 paise to close at 79.78 against the US dollar on Friday. A Starbucks location in New Orleans will join 16 other stores that were closed in recent weeks due to crime and safety concerns. Screen for heightened risk individual DotBig and entities globally to help uncover hidden risks in business relationships and human networks. Railroad stocks surged after unions struck a deal to avert a strike, with CSX, Norfolk Southern, and Union Pacific all gaining about 3%.

• If you decide to invest, read our important investment notes first and remember that investments can go up and down in value, so you could get back less than you put in.
• The Dow plummeted more than 1,050 points, or 3.3%, in late afternoon trading Tuesday.
• The University of Michigan’s consumer sentiment index preliminary September reading came in at 59.5, just below a Dow Jones estimate of 60.
• In the S&P 500, Adobe and FedEx fell around 25% and 23%, respectively.
• Economists are anticipating more inflationary numbers.

During the crisis, the S&P 500 first closed below its 200-day on Dec. 27, 2007, and did not close back above the technical support level until June 1, 2009. The S&P 500 has continuously closed below its 200-day moving average since April 8, the longest such stretch since the Financial Crisis. Shares of the commerce giant were down more than 3% in midday trading. Friday’s sell-off is taking place on a "triple witching" day, which means there could be heightened market https://dotbig.com/markets/stocks/ZM/ volatility as the end of the session draws nearer. Goldman Sachs rate strategists expect the U.S. 10-year yield to peak at 4% by the end of 2023, and the 2-year at 4.3% by the second quarter. However, Goldman Sachs still sees a "soft landing" as a possibility, and Goldman’s Chris Hussey wrote on Friday that the economy hasn’t stagnated just yet, even after negative readings for GDP to start the year. No news or research item is a personal recommendation to deal.

Fedex Warning Could Be One Of Many Negative Earnings Revisions

Shares of shipping rival UPS fell more than 7% in premarket trading. FedEx’s guidance cut appears to be weighing on related stocks on Friday morning.

In A First, European Union Moves To Cut Hungary Funding Over Damaging Democracy, Article With Gallery

Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. The situation on Wall Street was ugly midmorning Tuesday, as investors grew increasingly nervous about the prospect of even higher rate hikes that could last for a longer period of time. The stock market sell-off following Tuesday’s inflation report is turning into a rout. Big rate hikes so far have done little to cool off inflation, and investors worry even higher rates could hurt the US economy.

Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The company said it is closing 90 office locations, shutting down five corporate office facilities and pausing hiring efforts, as part of those cost-cutting measures. Shares of FedEx tumbled 15.3% in after hours trading after the transport company withdrew its full-year guidance, and said it will implement cost-cutting initiatives zm stock price to contend with a worsening macro. Expect shares of Tesla to rally as much as 32% as the electric vehicle giant boosts production at struggling factories and benefits from the government’s latest climate bill, Deutsche Bank says. "Uncertainty over short-run inflation reached levels last seen in 1982, and uncertainty over long run inflation rose from 3.9 to 4.5 this month, well above the 3.4 level seen last September," Hsu added.

The Fed may ‘just get it over with’ by raising rates as much as 100 basis points at the next meeting and then hiking … Stifel Global Logistics Analyst Bruce Chan joins Yahoo Finance Live to discuss FedEx’s profit warning https://ello.co/minhdan and how the logistics company compares with rival UPS. Still-hot US inflation has spurred Wall Street into taking stock of the Federal Reserve’s efforts to cool it — and some big investors aren’t holding back.

Fertilizer stocks CF Industries and Mosaic and chemicals company Albemarle were higher too. Gas has been on the decline since hitting a high of $5.016 on June 14. Analysts and traders say wholesale gasoline prices are expected to keep falling in coming months as U.S. refiners overproduce fuel to try to rebuild low stocks of diesel and heating oil. The major European averages are trading lower at the U.S. market open. FedEx shares fell over 20% Friday, driving the drop as investors take the company’s negative profit outlook Thursday as a sign of a slowing economy.