Monthly Archives - February 2023

US stocks fall after the release of more corporate earnings

09 Feb 2023 - US stocks slid Wednesday as investors returned focus to the latest batch of corporate earnings. Wall Street also continued to weigh the outlook for future Federal Reserve policy moves. With the US reporting season still playing out - rising interest rates are starting to affect earnings.

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Fed Chair rhetoric supports markets as tech layoffs continue

08 Feb 2023 - Stocks advanced Tuesday following Federal Reserve Chair Jerome Powell’s comments that inflation was on the decline.The Fed Chair repeated post-FOMC meeting messaging during his appearance at the Economic Club of Washington, noting that the disinflationary process will be bumpy and further rate increases will likely be necessary. He stated that if strong labour market data continues, the Fed will raise rates, but he expects the labour market to soften.

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Big tech companies are announcing in-house AI projects

07 Feb 2023 - US stocks fell Monday as investors grew increasingly cautious of rising bond yields, while watching the latest batch of corporate earnings. Investors will also watch on Tuesday for Federal Reserve Chairman Jerome Powell’s remarks before the Economic Club of Washington. Powell’s comments on disinflation caused investors to bid shares higher last week and overlook another rate hike out of the central bank.

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