Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
By Staff Reporters
***
Stocks fell as investors monitor a steady stream of corporate earnings against a backdrop of elevated inflation and further Fed policy tightening.
CITE: https://www.r2library.com/Resource/Title/082610254
The S&P 500 dropped and erased earlier gains. The Dow Jones Industrial Average also turned lower. The NASDAQ fell more than 2% and extended losses when the tech-heavy index was weighed down by a slide in Netflix. Meanwhile, Tesla (TSLA) shares rose after the electric vehicle-maker handily exceeded expectations in its fiscal first-quarter results.
***
***
Treasury bond yields climbed after Federal Reserve Chair Jerome Powell suggested the case for front-loading interest rate hikes with 50 basis-point increases in order to quickly address persistent inflationary pressures. San Francisco Federal Reserve President Mary Daly also suggested in an interview with Yahoo Finance that she would back a larger-than-typical 50 basis point interest rate hike following the Fed’s May meeting given current price pressures.
China: The nation’s securities regulator issued investor guidance for the country’s giant social security fund, just as the benchmark CSI 300 Index was heading toward the lowest level since June 2020.
HAPPY EARTH DAY 2022!
***
COMMENTS APPRECIATED
Thank You
***
****
Share this:
Filed under: Alerts Sign-Up, Glossary Terms, Investing | Tagged: bond yields, bonds, China, CSI 300 Index, DJIA, Earth Day, Jerome Powell, Mary Daly, NASDAQ, Netflix, S&P, Tesla, Treasury yields |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Leave a Reply