Wall Street closed lower as the Fed pound exchange rate rose

Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow Jones down 1.15%, Standard & Poor’s 1.02%, Nasdaq 0.68% Oct 6 (Reuters) – Wall Street’s main indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payroll numbers … Read more

‘It’s not healthy’: Stocks’ recent advance may signal more pain ahead for the markets. Here’s why

US stocks started the fourth quarter with sharp gains such as the Dow Jones Industrial Average, the Dow Jones Industrial Average, + 2.38% It appears to be heading for its biggest two-day high in more than two and a half years. But as tempting as it may be to call a bottom in stocks, Nicholas … Read more

Nasdaq boosted by Tesla, interest rate hike fears remain

Tesla gains on plans to increase production The main indicators are set for the third consecutive quarterly decline Nike backtracks on margin warning and drags sports equipment makers The Dow is down 0.36%, the S&P is flat, and the Nasdaq is up 0.32%. Sept 30 (Reuters) – The Nasdaq rose on Friday as Tesla rose … Read more

Wall Street fell due to growing economic growth concerns

The S&P 500 Index is back to its lowest level in nearly two years Airlines and cruises canceled due to Hurricane Ian CarMax slips by missing second-quarter forecast Indices down: Dow 1.54%, S&P 2.15%, Nasdaq 3.05% (Reuters) – Wall Street fell on Thursday, on fears of a global economic slowdown from aggressive central bank policy … Read more

Opinion: The Fed is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Fed can’t see the next potential economic meltdown because it’s still looking in the rear-view mirror, seeing nothing but High inflation. The risk arises because the CPI and PCE – the two most important measures of inflation – have a fatal flaw in the way they measure shelter costs. “ If you get your … Read more