Investing Club: This one chart shows why January's stock rally hit a wall in February
The stock market has done a complete 180. After rising 6.2% in January, the broad-based S & P 500 index has fallen nearly 2% so far in February — following a big drop on Tuesday. What happened? Two words: inflationary data. More than earnings season, which has largely exceeded analysts' expectations, it has been the steady release of economic readings, specifically those that speak to inflation, that has most influenced the market moves in 2023 — both up and down.
Traders work on the floor of the New York Stock Exchange as a screen shows Federal Reserve Board Chairman Jerome Powell during a news conference following a Fed rate announcement, in New York City, February 1, 2023.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
German ZEW Economic Sentiment Index improves to 28.1 in February vs. 22.0 expectedThe German ZEW headline number showed that the Economic Sentiment Index improved further, arriving at 28.1 in February from 16.9 in January, beating t
Baca lebih lajut »
NewJeans, Younha, and LE SSERAFIM top Instiz chart for the third week of February 2023 | allkpopThe Instiz chart combines the overwhelming variety of charts that South Korea uses to rank music sales, and it's also what fans use to determine whet…
Baca lebih lajut »
UK economy shows unexpected pep in February -PMIBritain looks on course to sidestep a forecast recession as businesses reported an unexpected bounce in activity this month as well as receding price pressures, according to a survey on Tuesday.
Baca lebih lajut »
February's new moon makes this a great night to view the Winter TriangleThere will be no light pollution from the moon, making this a great opportunity to take in the night sky.
Baca lebih lajut »
Where February Heat Wave Could Smash Records - Videos from The Weather ChannelMeteorologist Domenica Davis has the latest forecast. - Videos from The Weather Channel | weather.com
Baca lebih lajut »