offline
RE: boersenkater´s Trading-Pausen-Thread
| 14.07.2022, 22:57 (Dieser Beitrag wurde zuletzt bearbeitet: 14.07.2022, 23:01 von boersenkater.)
Stocks finish mixed as investors weigh rate hikes, recession fears
Alexandra Semenova
Reporter
Thu, July 14, 2022 at 10:04 PM
U.S. stocks extended losses Thursday as investors digested earnings and recession talk from Wall Street's big banks while reeling from shock inflation data that raised the possibility of a 100 basis point rate hike later this month.
The S&P 500 and Dow Jones Industrial Average clawed back from session lows of nearly 2% but each closed down 0.3% and 0.5%, respectively. The tech-heavy Nasdaq teetered into positive territory to cap the session just above breakeven.
JPMorgan Chase (JPM) was in the spotlight Thursday after reporting a wider-than-expected drop in second-quarter profit of 28%, attributing the decline to a $1.1 billion in provision for credit losses amid concerns over a possible economic downturn. Shares closed down 3.5%.
“In our global economy, we are dealing with two conflicting factors, operating on different timetables," CEO Jamie Dimon said. "The U.S. economy continues to grow and both the job market and consumer spending, and their ability to spend, remain healthy."
"But geopolitical tension, high inflation, waning consumer confidence, the uncertainty about how high rates have to go and the never-before-seen quantitative tightening and their effects on global liquidity, combined with the war in Ukraine and its harmful effect on global energy and food prices are very likely to have negative consequences on the global economy sometime down the road," Dimon added......
“Markets had a knee-jerk reaction after the eye-popping inflation numbers and the headline number of 9.1% only makes the job that much harder for the Fed,” Allianz Investment Management Senior Investment Strategist Charlie Ripley said. “As a result, the Fed is likely going to send a hawkish message at the July meeting, and it would be a mistake to think that a rate hike less than 75 basis points is in the cards.”.........
https://finance.yahoo.com/news/stock-mar...58342.html
Nice Day - gibts nix zu meckern....
[attachment=10886]
Alexandra Semenova
Reporter
Thu, July 14, 2022 at 10:04 PM
U.S. stocks extended losses Thursday as investors digested earnings and recession talk from Wall Street's big banks while reeling from shock inflation data that raised the possibility of a 100 basis point rate hike later this month.
The S&P 500 and Dow Jones Industrial Average clawed back from session lows of nearly 2% but each closed down 0.3% and 0.5%, respectively. The tech-heavy Nasdaq teetered into positive territory to cap the session just above breakeven.
JPMorgan Chase (JPM) was in the spotlight Thursday after reporting a wider-than-expected drop in second-quarter profit of 28%, attributing the decline to a $1.1 billion in provision for credit losses amid concerns over a possible economic downturn. Shares closed down 3.5%.
“In our global economy, we are dealing with two conflicting factors, operating on different timetables," CEO Jamie Dimon said. "The U.S. economy continues to grow and both the job market and consumer spending, and their ability to spend, remain healthy."
"But geopolitical tension, high inflation, waning consumer confidence, the uncertainty about how high rates have to go and the never-before-seen quantitative tightening and their effects on global liquidity, combined with the war in Ukraine and its harmful effect on global energy and food prices are very likely to have negative consequences on the global economy sometime down the road," Dimon added......
“Markets had a knee-jerk reaction after the eye-popping inflation numbers and the headline number of 9.1% only makes the job that much harder for the Fed,” Allianz Investment Management Senior Investment Strategist Charlie Ripley said. “As a result, the Fed is likely going to send a hawkish message at the July meeting, and it would be a mistake to think that a rate hike less than 75 basis points is in the cards.”.........
https://finance.yahoo.com/news/stock-mar...58342.html
Nice Day - gibts nix zu meckern....
[attachment=10886]
__________________
