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The stock board was all red on Tuesday as traders expressed some worries over the upcoming Federal Reserve interest rate decision.
Apple failed to impress with the release of the iPhone 15 and Oracle crashed 13% on weak guidance. Here’s what’s moving markets.
Tech stocks got battered the most as higher rates for longer dent the prospects for forward-looking profits. S&P 500 and Dow also fell.
The Federal Reserve would “proceed carefully,” Powell said, lifting the sentiment across stocks. Also, a busy week ahead with NFPs coming Friday.
Earnings hype is already here – Nvidia reports Wednesday and investors say it’s the only game in town this week.
The AI-fueled sprint we saw earlier in the year has lost its mojo despite seemingly good earnings figures.
One more month with lowering price pressures is blowing away a lot of investor concerns. And eases the Fed’s work.
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