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Even with elevated inflation and lower growth in the forecast for much of the current quarter, there are signs of hope for investors. If there is a rebound for stocks in the making, it will https://www.enjoint.info/forum/member.php?u=35780&tab=visitor_messaging#visitor_messaging come from free-spending corporates, Goldman Sachs forecasts. A bevy of headwinds are dragging down stocks, including inflation, supply-chain woes, growth concerns, and war in Ukraine.

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Treasury yields were mixed, as the yield on the 2-year note decreased 1 basis point to 3.56%, while the yield on the 10-year note rose 3 bps to 3.35%, https://www.digital-forum.it/showthread.php?208944-Netflix-Febbraio-2021/page3 and the 30-year bond rate gained 5 bps to 3.51%. Get all the tools you need to find stocks, research their potential, and decide when to buy and sell.

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  Core inflation, which excludes volatile food and energy costs, likely accelerated to a 6.1% annual rate, compared to 5.9% in July. While the pace of inflation has moderated somewhat after reaching a 40-year peak of 9.1% in June, as energy costs fell, prices https://www.cnbc.com/money-in-motion/ have remained stubbornly high as costs for other categories of goods and services continued to rise. Investor sentiment was also boosted by reports of Ukraine’s successful counteroffensive against Russian troops in the country’s northeastern Kharkiv region.

  Earnings

  “Markets don’t go up or down forever,” Ed Yardeni, the president of market advisory firm Yardeni Research and former chief investment strategist at Deutsche Bank’s U.S. equities division, told ABC News. “At some point, buyers get exhausted and new buyers think things have gotten expensive and are waiting for a pullback.” As we’ve mentioned in this space more than once recently, markets are likely to stay volatile for the time being. In addition to three more Fed meetings this year, midterm Forex news elections are right around the corner. Therefore, it’s a safe assumption that many investors are taking a more defensive stance with their portfolios, leaning toward sectors like healthcare or utilities that tend to hold up better than others during times of uncertainty. By the close, the Nasdaq Composite was up 1.3% at 12,266, the S&P 500 Index gained 1.1% to 4,110, and the Dow Jones Industrial Average added 0.7% to 32,381. It was the fourth straight day of gains for all three indexes.

  

  The U.S. dollar continues to pull back from multi-decade highs, which seems to also be easing some of the global skittishness. The euro and British pound rallied versus the greenback. Equities shrugged off some softer-than-expected July U.K. Economic data, with July GDP growth, industrial and manufacturing production, and construction output all coming in below estimates. Stocks in Asia finished higher to kick off the week, with the continued pullback in the U.S. dollar, which has jumped recently to multi-decade highs, appearing to ease sentiment in the region.