US EditionMarkets Drop as Valuations and US Jobs, Rates Spook Investors
- Federal Reserve officials stated that fighting elevated inflation is a priority for investors.
- A report from Challenger, Gray & Christmas indicated that US layoff announcements reached the highest level in 22 years last month.
- Traders have been reviewing this year's rally, which led to soaring valuations and all-time highs in several markets.
51 Articles
51 Articles
Investors watching US economic signs as market pulls back, tech teeters
By Lewis Krauskopf NEW YORK (Reuters) -Investors will seek clues about the health of the U.S. economy in the coming week following worrisome labor market reports and technology-led turbulence that has knocked the stock market off record highs. The S&P 500 ended Thursday with a loss and looked set for a weekly decline. The benchmark index was last down over 2% from its all-time closing peak on October 28 even after a generally strong third-quarte…
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Markets drop as valuations and US jobs, rates spook investors
Asian stocks tracked Wall Street losses Friday as investors weighed weak US jobs data against Federal Reserve signals suggesting no more interest rate cuts this year.
DBS Chief Tan Su Shan Warns of Market Volatility Amid Concentrated U.S. Tech Valuations
The chief executive of DBS, Southeast Asia’s largest bank, has cautioned investors to prepare for continued turbulence in global markets, citing stretched valuations in U.S. equities and growing dependence on a handful of major technology stocks. “We’ve seen a lot of volatility in the markets. It could be equities, it could be rates, it could be foreign exchange,” said DBS CEO Tan Su Shan in an interview with CNBC. “I expect that volatility to c…
Weaker jobs data from Challenger triggered a sell-off in Treasuries and dragged down the dollar.
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