Stocks have suffered a rough September, with the S&P 500 dropping from 4,516 at the month’s start to 4,275. Look out below?
Financial News
Higher for longer’ rates remain a threat to U.S. stocks after inflation data
The latest U.S. inflation data is unlikely to ease worries over persistently high Treasury yields that have gnawed on stocks over the last few weeks, investors said, although many believe the longer-term trend of cooling consumer prices remains intact.
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S&P 500 looks risky, may plunge 25% if something shocks system: Wilson
The S&P 500 is priced for perfection and could plunge 25% if problems crop up, Mike Wilson says. Morgan Stanley’s stock chief says the outlook for company earnings and the economy is pretty grim. Investors have piled into Big Tech to ride out the storm, but they may still feel pain, Wilson says.
Stock futures are little changed as Wall Street shifts focus back to path of interest rates
Renewed investor worries sprang up Wednesday over the threat of future interest rate hikes, sparked by stronger-than-expected economic data and price reports.
Detroit UAW workers strike threat tests Biden’s plan to win union votes
U.S. President Joe Biden’s strategy of backing politically crucial unions while avoiding strikes that cripple the economy has hit a bump in Detroit.