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Stocks soften as earnings and US data still support more Fed rate hikes

Stocks soften as earnings and US data still support more Fed rate hikes
US stocks are declining as earnings and economic evidence suggest wage growth is still too high and will keep inflation sticky. ​ Earnings alone are dragging stocks down as Tesla deals with its margin problem, American Express prepares for loan losses, and after TSMC’s disappointing outlook. ​ Wall Street is staring at a list of Fed speakers […]... Read More
Posted: Apr 20 2023, 18:57
Author Name: marketpulse
Views: 092120

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