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  • S&P 500, Dow fall after Fed minutes signal continued rate hikes
    Finance News

    S&P 500, Dow fall after Fed minutes signal continued rate hikes

    February 23, 2023 /

    U.S. shares shut blended after choppy investing Wednesday as traders pored around minutes from the Federal Reserve’s last meeting earlier this month for clues on its subsequent shift. The most current readout from the U.S. central bank’s Jan. 31- Feb. 1 accumulating indicated officials have been intent on proceeding with “ongoing improves” but open to achieving an endpoint later on this calendar year. The S&P 500 (^GSPC) declined .2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, when the Dow Jones Industrial Ordinary (^DJI) slipped about 80 factors, or .3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The technology-heavy Nasdaq Composite (^IXIC) was an outlier, edging up .1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. “Contributors concurred that the Federal Open Marketplace Committee experienced manufactured considerable progress above the previous calendar year…

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    Francis McGee Comments Off on S&P 500, Dow fall after Fed minutes signal continued rate hikes

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    One of the most frequently cited risks to stocks in 2023 is ‘overstated’

    One of the most frequently cited risks to stocks in 2023 is ‘overstated’

    December 12, 2022
    U.S. immigration system is ‘a threat to our economy’

    U.S. immigration system is ‘a threat to our economy’

    December 5, 2022
    Stocks close mixed on holiday-shortened trading day

    Stocks close mixed on holiday-shortened trading day

    November 27, 2022
  • Stocks rise after Fed minutes signal rate hike slowdown
    Finance News

    Stocks rise after Fed minutes signal rate hike slowdown

    November 24, 2022 /

    Stocks rose on Wednesday right after the minutes from the Federal Reserve’s latest plan conference signaled a probably slowdown in the central bank’s pace of curiosity fee improves following thirty day period. When the closing bell rang on Wall Street, all 3 big indexes ended up in inexperienced figures, with the S&P 500 up .6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, the Dow up .3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, and the Nasdaq increased by 1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Wednesday marked the week’s closing total trading session for U.S. buyers. U.S. marketplaces will be closed for Thanksgiving, and marketplaces are open for just a fifty percent day on Black Friday. The most significant move in marketplaces on Wednesday came from the power marketplaces, with…

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    Francis McGee Comments Off on Stocks rise after Fed minutes signal rate hike slowdown

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    What if ChatGPT was trained on decades of financial news and data? BloombergGPT aims to be a domain-specific AI for business news

    What if ChatGPT was trained on decades of financial news and data? BloombergGPT aims to be a domain-specific AI for business news

    April 6, 2023
    ChatGPT may be able to predict stock movements: finance professor

    ChatGPT may be able to predict stock movements: finance professor

    April 14, 2023
    Stock market news live updates: November 30, 2022

    Stock market news live updates: November 30, 2022

    December 1, 2022
  • Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy
    Economy News

    Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy

    November 21, 2022 /

    Profits of existing households fell in October for the ninth straight thirty day period, down 5.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a thirty day period previously as prospective buyers faced mortgage loan costs that have doubled in the previous year, the Nationwide Association of Realtors reported on Friday. Profits, at an annual rate of 4.43 million, are now 28.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} underneath a yr back. The median price, however, is even now 6.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from its 2021 amount. “More likely homebuyers have been squeezed out from qualifying for a mortgage in October as home loan rates climbed larger,” explained NAR Main Economist Lawrence Yun. “The impact is increased in pricey regions of the country and in marketplaces…

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    Francis McGee Comments Off on Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy

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    Utahns feeling bleak about near-term economy, ongoing inflation

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    February 26, 2023
    Is California’s economy heading for a recession?

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    October 3, 2022
    Economic oversight board unveils Puerto Rico growth blueprint

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