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Bloomberg
Stocks Tumble, Yields Spike on Inflation Shock: Markets Wrap
(Bloomberg) — US stocks plunged and Treasury yields spiked higher after consumer prices rose faster than expected last month, as traders boosted bets the Federal Reserve will raise interest rates sharply next week.Most Read from BloombergThe World’s Hottest Housing Markets Are Facing a Painful ResetUkrainian Successes Raise Russian Collapse to Realm of PossibilityJeff Bezos’s Blue Origin Rocket Suffers Failure Seconds Into Uncrewed LaunchRussian Defenses Crumble as Ukraine Retakes Key Territory
Bloomberg
US Inflation Tops Forecasts, Cementing Odds of Big Fed Hike
(Bloomberg) — US consumer prices were resurgent last month, dashing hopes of a nascent slowdown and likely assuring another historically large interest-rate hike from the Federal Reserve.Most Read from BloombergThe World’s Hottest Housing Markets Are Facing a Painful ResetUkrainian Successes Raise Russian Collapse to Realm of PossibilityJeff Bezos’s Blue Origin Rocket Suffers Failure Seconds Into Uncrewed LaunchRussian Defenses Crumble as Ukraine Retakes Key TerritoryGoldman to Cut Several Hund
TipRanks
‘Investors Should Consider Defensive Equities,’ Says JPMorgan; Here Are 2 High-Yield Dividend Names to Consider
Markets are up in recent sessions, and year-to-date losses have moderated somewhat. The NASDAQ, which has taken the hardest hits this year, is back above 12,200, although still down 22% this year. The S&P 500 has managed to climb back out of the bear market, is above 4,100 now, and its year-to-date loss stands at 14%. Neither index has really tested its June low again in the last two months, and recent trends are upwards. Writing for JPMorgan, global investment strategist Elyse Ausenbaugh gives
Yahoo Finance Video
Markets and sectors hold onto Monday’s gains
Markets reporter Ines Ferre checks out market and sector action ahead of the closing bell, as well as bitcoin pricing, tech leaders, and energy stocks.
Motley Fool
Here’s Why Nio Stock Is Exploding Today
Nio (NYSE: NIO) stock exploded this morning and was trading nearly 10.3% higher as of 11 a.m. ET Monday. An analyst who closely tracks the Chinese electric vehicle (EV) market just singled out the hot stock as his top EV pick in China and sees Nio shares doubling in value over the next 12 months, backed by two big growth catalysts. Deutsche Bank analyst Edison Yu has two reasons why Nio could outperform and emerge as the leader among EV start-ups, according to The Fly.
Motley Fool
2 Risky Stocks That Are Running Low on Cash
Investors should always be wary of businesses that are low on cash. A couple of risky stocks that don’t have much cash on their books today include Bluebird Bio (NASDAQ: BLUE) and Bed Bath & Beyond (NASDAQ: BBBY). In August, shares of Bluebird Bio popped as the Food and Drug Administration approved Zynteglo to treat people with beta-thalassemia who require ongoing blood transfusions.
Motley Fool
Down 85% From Its High, This Top Growth Stock Is a Screaming Buy
To that end, BMO Capital Markets estimates CTV ad spend in the U.S. will reach $100 billion by 2030, up from $21 billion in 2021. Few companies are better positioned to capitalize on that opportunity than Roku (NASDAQ: ROKU). Roku connects consumers with content publishers, allowing users to manage all of their streaming channels from a single platform.
Motley Fool
Apple Stock: Headed to $220?
Two analysts think Apple’s new iPhone models are attracting more orders than the iPhone 13 lineup was last year.
MarketWatch
‘Every month I express my concerns to my adviser, but he says not to worry.’ My 401(k) has lost over 20% and I can’t afford to lose that kind of money. Is it time to find a new adviser?
Answer: In general, a 20% loss for someone retiring in a year suggests the account may be invested too aggressively, says certified financial planner Daniel P. Forbes of Forbes Financial Planning, Inc. That said, certified financial planner Grace Yung of Midtown Financial points out that this is a midterm election year and historically, midterm election years are volatile due to uncertainty. Have a question about dealing with your financial planner or looking to hire a new one? The first thing would be to have a serious conversation with your current adviser because it seems your investment portfolio may be too aggressive for your willingness to ride out the market’s ups and downs.
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