Wall Street records its third consecutive quarterly loss with rising inflation and a looming recession

S&P 500 records biggest September percentage drop in 20 years All three major US stock indexes have fallen in three quarters Core inflation data is hotter than expected Indices down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK (Reuters) – The Standard & Poor’s 500 Index on Friday closed its biggest September drop in two … Read more

Wall Street ends sharply lower. Investors are worried about the economy

The S&P 500 index reached its lowest level in nearly two years Airlines and cruises canceled due to Hurricane Ian Carmax drops after missing Q2 forecast End of Indices: S&P 500 -2.11%, Nasdaq -2.84%, Dow -1.54% (Reuters) – Wall Street closed sharply lower on Thursday on concerns that the Federal Reserve’s fierce battle against inflation … Read more

The next financial crisis may already be ripe, but not as many expect

A growing number of traders, academics and bond market experts are concerned that the $24 trillion US Treasury debt market could head into crisis as the Federal Reserve began its “quantitative tightening” on high alert this month. With the Fed doubling the pace that its bond holdings will “roll” its balance sheet in September, some … Read more