Twelve days from now, the Federal Reserve will meet again, and expectations for the central bank's next moves are firming up. The consensus among investors: Persistently hot inflation means the Fed will need to continue with its string of aggressive interest rate hikes, which is unprecedented in the modern era.
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News: What you need to know about the markets | | | | The Fed isn't about to back down from its inflation fight | Twelve days from now, the Federal Reserve will meet again, and expectations for the central bank's next moves are firming up. The consensus among investors: Persistently hot inflation means the Fed will need to continue with its string of aggressive interest rate hikes, which is unprecedented in the modern era. Read more » | | Beware of fad stocks. Truly's owner, Snap and Zoom have plunged | Fads come and go in fashion. (Are skinny jeans no longer a thing?) The same is true of the stock market. Read more » | | Even the uber-rich are fretting about the economy now | Even the uber-rich are on edge now about the economy. Read more » | | Key US bond yield hits highest level since June 2008 | More bad news for anyone looking to buy a home: The benchmark 10-year Treasury bond yield rose to about 4.15% Thursday morning, the highest level since June 2008. Mortgage rates, which are now hovering just below 7%, tend to move in lockstep with the 10-year yield. Read more » | | American Airlines dropping first class for more business class seats | American Airlines is dropping its first class cabins and replacing them with more business class seats. Read more » | | Chinese stocks tumble to multi-year lows in New York and Hong Kong amid party congress | Chinese stocks have hit multi-year lows in New York and Hong Kong amid growing concerns about China's rising Covid cases and economic outlook. Read more » | | | | | | | |
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| -90.22 | | -65.66 | | -29.38 | 30,333.59 | | 10,614.84 | | 3,665.78 | -0.30% | | -0.61% | | -0.80% | YTD -16.52% | | YTD -32.15% | | YTD -23.09% | | | |
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Biggest Winners | AT&T Inc | +7.72% | | Quest Diagnostics Inc | +6.32% | | Las Vegas Sands Corp | +5.59% | | International Business Machines Corp | +4.73% | | Biggest Losers | Allstate Corp | -12.90% | | Union Pacific Corp | -6.80% | | Equifax Inc | -6.17% | | Norfolk Southern Corp | -5.86% | | | | | |
Hottest ETF | | | NYSE Market Volume | | | | | | |
Key Market Stats | Latest | Today's Change | | Oil | $84.98 | +0.46 / +0.54% | | Gold | $1,632.70 | -1.50 / -0.09% | | 10-yr | 4.23% | +0.10 | | Euro | $0.98 | +0.00 / +0.19% | | |
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