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Monthly Archives: March 2023
US Stocks Slide on Persistent Inflation Concerns and Hawkish Fed Tone
Written on March 2, 2023 at 2:55 am, by anakin
US stocks declined lower on Wednesday, witnessing some selling pressure, and dropped for a second straight session after economic data highlighted persistent inflationary pressures and Federal Reserve officials continued to sound hawkish. Data released in the US showed ISM Manufacturing PMI increases to 47.7 in February, which came in below the market expectation of 48.Continue Reading
Rising Rates Push Stocks Down in February
Written on March 1, 2023 at 2:47 am, by anakin
The Dow fell Tuesday, wrapping up February with a monthly loss as surging rates battered stocks after a string of data pointing to underlying strength in the economy forced investors to price in higher for longer Federal Reserve interest rates. The Dow Jones Industrial Average fell 0.65%, or 214 points, taking losses for February toContinue Reading
Rising Rates Push Stocks Down in February
Written on March 1, 2023 at 2:47 am, by anakin
The Dow fell Tuesday, wrapping up February with a monthly loss as surging rates battered stocks after a string of data pointing to underlying strength in the economy forced investors to price in higher for longer Federal Reserve interest rates. The Dow Jones Industrial Average fell 0.65%, or 214 points, taking losses for February toContinue Reading
