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2022-10-15

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US STOCKS-Wall St Drops As Consumer Data Stokes Inflation Worry

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inflation ests. worsen</p><p>* Dow down 1.34%, S&amp;P 500 down 2.37%, Nasdaq down 3.08%</p><p>NEW YORK, Oct 14 (Reuters) - U.S. stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve&#39;s aggressive rate hike path could trigger a recession, while investors digested the early stages of earnings season.</p><p>In the last session of a volatile week, equities opened higher, then reversed course after data from the University of Michigan showed consumer sentiment improved in October but inflation expectations worsened as gasoline prices moved higher. Retail sales data also indicated resilience among consumers.</p><p>&#34;The main thrust for the market right now is higher interest rates, higher inflation and the Fed is going to continue to move its fed funds target higher,&#34; said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan.</p><p>&#34;The narrative that we’ve seen peak inflation is not evident yet and that’s depressing the market.&#34;</p><p>On Thursday, a reading on consumer prices (CPI) showed inflation remained stubbornly high.</p><p>Fed officials have been largely in sync when commenting on the need to raise rates and St. Louis Fed President James Bullard said in a Reuters interview the recent CPI data warrants a continued &#34;frontloading&#34; through larger three-quarter-percentage point steps, although that does not necessarily mean rates need to be raised above the central bank&#39;s most recent projections.</p><p>The Dow Jones Industrial Average fell 403.89 points, or 1.34%, to 29,634.83, the S&amp;P 500 lost 86.84 points, or 2.37%, to 3,583.07 and the Nasdaq Composite dropped 327.76 points, or 3.08%, to 10,321.39.</p><p>Friday&#39;s decline marked the 37th time the S&amp;P 500 recorded a gain or loss of at least 2% compared with only seven such session in all of 2021. 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inflation ests. worsen</p><p>* Dow down 1.34%, S&amp;P 500 down 2.37%, Nasdaq down 3.08%</p><p>NEW YORK, Oct 14 (Reuters) - U.S. stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve&#39;s aggressive rate hike path could trigger a recession, while investors digested the early stages of earnings season.</p><p>In the last session of a volatile week, equities opened higher, then reversed course after data from the University of Michigan showed consumer sentiment improved in October but inflation expectations worsened as gasoline prices moved higher. Retail sales data also indicated resilience among consumers.</p><p>&#34;The main thrust for the market right now is higher interest rates, higher inflation and the Fed is going to continue to move its fed funds target higher,&#34; said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan.</p><p>&#34;The narrative that we’ve seen peak inflation is not evident yet and that’s depressing the market.&#34;</p><p>On Thursday, a reading on consumer prices (CPI) showed inflation remained stubbornly high.</p><p>Fed officials have been largely in sync when commenting on the need to raise rates and St. Louis Fed President James Bullard said in a Reuters interview the recent CPI data warrants a continued &#34;frontloading&#34; through larger three-quarter-percentage point steps, although that does not necessarily mean rates need to be raised above the central bank&#39;s most recent projections.</p><p>The Dow Jones Industrial Average fell 403.89 points, or 1.34%, to 29,634.83, the S&amp;P 500 lost 86.84 points, or 2.37%, to 3,583.07 and the Nasdaq Composite dropped 327.76 points, or 3.08%, to 10,321.39.</p><p>Friday&#39;s decline marked the 37th time the S&amp;P 500 recorded a gain or loss of at least 2% compared with only seven such session in all of 2021. For the week, the Dow gained 1.15%, the S&amp;P 500 lost 1.56% and the Nasdaq fell 3.11%.</p><p>Corporate earnings season started to pick up steam and helped the bank index, which posted a narrow 0.03% gain after quarterly results from JPMorgan Chase &amp; Co, up 1.66%, Citigroup Inc, up 0.65%, and Wells Fargo &amp; Co, up 1.86%, boosted the shares of each.</p><p>&#34;The message I got from them is things are looking pretty good from an economic perspective despite the challenges but they increased loan-loss reserves just in anticipation that you are going to see some more slowing,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.</p><p>UnitedHealth gained 0.63% as one of only three Dow components to move higher on the day after the health insurer posted better-than-expected quarterly results while raising its annual forecast.</p><p>Analysts now expect third-quarter profits for S&amp;P 500 companies to have risen just 3.6% from a year ago, much lower than an 11.1% increase expected at the start of July, according to Refinitiv data.</p><p>Kroger Co shares dropped 7.32% after the supermarket chain said it would buy smaller rival Albertsons Companies Inc in a $24.6 billion deal.</p><p>Tesla Inc slumped 7.55% following media reports that the electric vehicle maker has put on hold plans to launch battery cell production at its plant outside Berlin due to technical issues.</p><p>Volume on U.S. exchanges was 10.88 billion shares, compared with the 11.48 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.20-to-1 ratio; on Nasdaq, a 2.87-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 5 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 71 new highs and 235 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275952060","content_text":"* JPM reports higher-than-expected Q3 profit* S&P 500, Nasdaq post weekly declines* U.S. consumer sentiment edges up October; inflation ests. worsen* Dow down 1.34%, S&P 500 down 2.37%, Nasdaq down 3.08%NEW YORK, Oct 14 (Reuters) - U.S. stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve's aggressive rate hike path could trigger a recession, while investors digested the early stages of earnings season.In the last session of a volatile week, equities opened higher, then reversed course after data from the University of Michigan showed consumer sentiment improved in October but inflation expectations worsened as gasoline prices moved higher. Retail sales data also indicated resilience among consumers.\"The main thrust for the market right now is higher interest rates, higher inflation and the Fed is going to continue to move its fed funds target higher,\" said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan.\"The narrative that we’ve seen peak inflation is not evident yet and that’s depressing the market.\"On Thursday, a reading on consumer prices (CPI) showed inflation remained stubbornly high.Fed officials have been largely in sync when commenting on the need to raise rates and St. Louis Fed President James Bullard said in a Reuters interview the recent CPI data warrants a continued \"frontloading\" through larger three-quarter-percentage point steps, although that does not necessarily mean rates need to be raised above the central bank's most recent projections.The Dow Jones Industrial Average fell 403.89 points, or 1.34%, to 29,634.83, the S&P 500 lost 86.84 points, or 2.37%, to 3,583.07 and the Nasdaq Composite dropped 327.76 points, or 3.08%, to 10,321.39.Friday's decline marked the 37th time the S&P 500 recorded a gain or loss of at least 2% compared with only seven such session in all of 2021. For the week, the Dow gained 1.15%, the S&P 500 lost 1.56% and the Nasdaq fell 3.11%.Corporate earnings season started to pick up steam and helped the bank index, which posted a narrow 0.03% gain after quarterly results from JPMorgan Chase & Co, up 1.66%, Citigroup Inc, up 0.65%, and Wells Fargo & Co, up 1.86%, boosted the shares of each.\"The message I got from them is things are looking pretty good from an economic perspective despite the challenges but they increased loan-loss reserves just in anticipation that you are going to see some more slowing,\" said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.UnitedHealth gained 0.63% as one of only three Dow components to move higher on the day after the health insurer posted better-than-expected quarterly results while raising its annual forecast.Analysts now expect third-quarter profits for S&P 500 companies to have risen just 3.6% from a year ago, much lower than an 11.1% increase expected at the start of July, according to Refinitiv data.Kroger Co shares dropped 7.32% after the supermarket chain said it would buy smaller rival Albertsons Companies Inc in a $24.6 billion deal.Tesla Inc slumped 7.55% following media reports that the electric vehicle maker has put on hold plans to launch battery cell production at its plant outside Berlin due to technical issues.Volume on U.S. exchanges was 10.88 billion shares, compared with the 11.48 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 4.20-to-1 ratio; on Nasdaq, a 2.87-to-1 ratio favored decliners.The S&P 500 posted 5 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 71 new highs and 235 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980874746,"gmtCreate":1665709518585,"gmtModify":1676537652484,"author":{"id":"4127655087837662","authorId":"4127655087837662","name":"davis007","avatar":"https://community-static.tradeup.com/news/5f10e8b3cc83501b6e347a751bed9727","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4127655087837662","authorIdStr":"4127655087837662"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980874746","repostId":"2275679720","repostType":4,"isVote":1,"tweetType":1,"viewCount":359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917285659,"gmtCreate":1665531227871,"gmtModify":1676537620698,"author":{"id":"4127655087837662","authorId":"4127655087837662","name":"davis007","avatar":"https://community-static.tradeup.com/news/5f10e8b3cc83501b6e347a751bed9727","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4127655087837662","authorIdStr":"4127655087837662"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917285659","repostId":"2274059975","repostType":4,"repost":{"id":"2274059975","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1665528985,"share":"https://ttm.financial/m/news/2274059975?lang=&edition=fundamental","pubTime":"2022-10-12 06:56","market":"us","language":"en","title":"US STOCKS-S&P 500, Nasdaq End Lower; BoE Comments Add to Market Jitters Late","url":"https://stock-news.laohu8.com/highlight/detail?id=2274059975","media":"Reuters","summary":"* Amgen jumps on report of Morgan Stanley upgrade* IMF expects U.S. growth this year to be a meager ","content":"<html><head></head><body><p>* Amgen jumps on report of Morgan Stanley upgrade</p><p>* IMF expects U.S. growth this year to be a meager 1.6%</p><p>* Indexes: Dow up 0.1%, S&amp;P 500 down 0.7%, Nasdaq down 1.1%</p><p>NEW YORK, Oct 11 (Reuters) - The S&amp;P 500 and Nasdaq ended lower on Tuesday, with indications from the Bank of England that it would support the country&#39;s bond market for just three more days adding to market jitters late in the session.</p><p>Trading was volatile, with investors cautious ahead of key U.S. inflation data and the start of third-quarter earnings later this week.</p><p>The Dow ended higher, helped by Amgen Inc shares, which jumped 5.7% after a report that Morgan Stanley upgraded the drugmaker&#39;s stock to &#34;overweight&#34; from &#34;equal weight.&#34;</p><p>All three major indexes fell in afternoon trading after Bank of England Governor Andrew Bailey told pension fund managers to finish rebalancing their positions by Friday when the British central bank is due to end its emergency support program for the country&#39;s bond market.</p><p>&#34;What caused the latest downturn was an announcement the Bank of England was going to stop supporting the gilt (UK bonds) market in three days,&#34; said Randy Frederick, managing director, trading and derivatives at Charles Schwab in Austin.</p><p>Earlier on Tuesday, the Pensions and Lifetime Savings Association urged the BoE to extend the bond-buying programme until Oct. 31 &#34;and possibly beyond.&#34;</p><p>Growth and technology stocks underperformed as U.S. Treasury yields rose amid concern that U.S. inflation data this week will not stop the Fed&#39;s rapid hiking of interest rates. The S&amp;P technology sector was down 1.5%.</p><p>The producer price index report is due Wednesday and consumer price index data is due Thursday.</p><p>The Dow Jones Industrial Average rose 36.31 points, or 0.12%, to 29,239.19, the S&amp;P 500 lost 23.55 points, or 0.65%, to 3,588.84 and the Nasdaq Composite dropped 115.91 points, or 1.1%, to 10,426.19.</p><p>The Fed has been aggressively raising rates to curb inflation and is expected to continue with more increases into next year.</p><p>Stocks have been hit in recent weeks by worries about how aggressive the Fed may still need to be with hiking rates and the potential impact on the economy.</p><p>The S&amp;P banks index was down 2.6% ahead of quarterly results from some major banks later this week. The reports are expected to kick off the third quarter reporting period for S&amp;P 500 companies.</p><p>Adding to recent fears about the economy, the International Monetary Fund predicted a meager 1.6% growth in the U.S. economy this year.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.51-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted one new 52-week high and 104 new lows; the Nasdaq Composite recorded 33 new highs and 590 new lows.</p><p>Volume on U.S. exchanges was 11.65 billion shares, compared with the 11.73 billion average for the full session over the last 20 trading days.</p><p><img src=\"https://static.tigerbbs.com/c28602cc6e9d240d16ef10c2c14c62f0\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500, Nasdaq End Lower; BoE Comments Add to Market Jitters Late</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500, Nasdaq End Lower; BoE Comments Add to Market Jitters Late\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-10-12 06:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Amgen jumps on report of Morgan Stanley upgrade</p><p>* IMF expects U.S. growth this year to be a meager 1.6%</p><p>* Indexes: Dow up 0.1%, S&amp;P 500 down 0.7%, Nasdaq down 1.1%</p><p>NEW YORK, Oct 11 (Reuters) - The S&amp;P 500 and Nasdaq ended lower on Tuesday, with indications from the Bank of England that it would support the country&#39;s bond market for just three more days adding to market jitters late in the session.</p><p>Trading was volatile, with investors cautious ahead of key U.S. inflation data and the start of third-quarter earnings later this week.</p><p>The Dow ended higher, helped by Amgen Inc shares, which jumped 5.7% after a report that Morgan Stanley upgraded the drugmaker&#39;s stock to &#34;overweight&#34; from &#34;equal weight.&#34;</p><p>All three major indexes fell in afternoon trading after Bank of England Governor Andrew Bailey told pension fund managers to finish rebalancing their positions by Friday when the British central bank is due to end its emergency support program for the country&#39;s bond market.</p><p>&#34;What caused the latest downturn was an announcement the Bank of England was going to stop supporting the gilt (UK bonds) market in three days,&#34; said Randy Frederick, managing director, trading and derivatives at Charles Schwab in Austin.</p><p>Earlier on Tuesday, the Pensions and Lifetime Savings Association urged the BoE to extend the bond-buying programme until Oct. 31 &#34;and possibly beyond.&#34;</p><p>Growth and technology stocks underperformed as U.S. Treasury yields rose amid concern that U.S. inflation data this week will not stop the Fed&#39;s rapid hiking of interest rates. The S&amp;P technology sector was down 1.5%.</p><p>The producer price index report is due Wednesday and consumer price index data is due Thursday.</p><p>The Dow Jones Industrial Average rose 36.31 points, or 0.12%, to 29,239.19, the S&amp;P 500 lost 23.55 points, or 0.65%, to 3,588.84 and the Nasdaq Composite dropped 115.91 points, or 1.1%, to 10,426.19.</p><p>The Fed has been aggressively raising rates to curb inflation and is expected to continue with more increases into next year.</p><p>Stocks have been hit in recent weeks by worries about how aggressive the Fed may still need to be with hiking rates and the potential impact on the economy.</p><p>The S&amp;P banks index was down 2.6% ahead of quarterly results from some major banks later this week. The reports are expected to kick off the third quarter reporting period for S&amp;P 500 companies.</p><p>Adding to recent fears about the economy, the International Monetary Fund predicted a meager 1.6% growth in the U.S. economy this year.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.51-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted one new 52-week high and 104 new lows; the Nasdaq Composite recorded 33 new highs and 590 new lows.</p><p>Volume on U.S. exchanges was 11.65 billion shares, compared with the 11.73 billion average for the full session over the last 20 trading days.</p><p><img src=\"https://static.tigerbbs.com/c28602cc6e9d240d16ef10c2c14c62f0\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2274059975","content_text":"* Amgen jumps on report of Morgan Stanley upgrade* IMF expects U.S. growth this year to be a meager 1.6%* Indexes: Dow up 0.1%, S&P 500 down 0.7%, Nasdaq down 1.1%NEW YORK, Oct 11 (Reuters) - The S&P 500 and Nasdaq ended lower on Tuesday, with indications from the Bank of England that it would support the country's bond market for just three more days adding to market jitters late in the session.Trading was volatile, with investors cautious ahead of key U.S. inflation data and the start of third-quarter earnings later this week.The Dow ended higher, helped by Amgen Inc shares, which jumped 5.7% after a report that Morgan Stanley upgraded the drugmaker's stock to \"overweight\" from \"equal weight.\"All three major indexes fell in afternoon trading after Bank of England Governor Andrew Bailey told pension fund managers to finish rebalancing their positions by Friday when the British central bank is due to end its emergency support program for the country's bond market.\"What caused the latest downturn was an announcement the Bank of England was going to stop supporting the gilt (UK bonds) market in three days,\" said Randy Frederick, managing director, trading and derivatives at Charles Schwab in Austin.Earlier on Tuesday, the Pensions and Lifetime Savings Association urged the BoE to extend the bond-buying programme until Oct. 31 \"and possibly beyond.\"Growth and technology stocks underperformed as U.S. Treasury yields rose amid concern that U.S. inflation data this week will not stop the Fed's rapid hiking of interest rates. The S&P technology sector was down 1.5%.The producer price index report is due Wednesday and consumer price index data is due Thursday.The Dow Jones Industrial Average rose 36.31 points, or 0.12%, to 29,239.19, the S&P 500 lost 23.55 points, or 0.65%, to 3,588.84 and the Nasdaq Composite dropped 115.91 points, or 1.1%, to 10,426.19.The Fed has been aggressively raising rates to curb inflation and is expected to continue with more increases into next year.Stocks have been hit in recent weeks by worries about how aggressive the Fed may still need to be with hiking rates and the potential impact on the economy.The S&P banks index was down 2.6% ahead of quarterly results from some major banks later this week. The reports are expected to kick off the third quarter reporting period for S&P 500 companies.Adding to recent fears about the economy, the International Monetary Fund predicted a meager 1.6% growth in the U.S. economy this year.Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.51-to-1 ratio favored decliners.The S&P 500 posted one new 52-week high and 104 new lows; the Nasdaq Composite recorded 33 new highs and 590 new lows.Volume on U.S. exchanges was 11.65 billion shares, compared with the 11.73 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917285915,"gmtCreate":1665531149238,"gmtModify":1676537620682,"author":{"id":"4127655087837662","authorId":"4127655087837662","name":"davis007","avatar":"https://community-static.tradeup.com/news/5f10e8b3cc83501b6e347a751bed9727","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4127655087837662","authorIdStr":"4127655087837662"},"themes":[],"htmlText":"The future","listText":"The future","text":"The future","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917285915","repostId":"1181552964","repostType":4,"repost":{"id":"1181552964","kind":"news","pubTimestamp":1665529467,"share":"https://ttm.financial/m/news/1181552964?lang=&edition=fundamental","pubTime":"2022-10-12 07:04","market":"us","language":"en","title":"Meta Debuts $1,500 VR Headset Targeting Working Professionals","url":"https://stock-news.laohu8.com/highlight/detail?id=1181552964","media":"Bloomberg","summary":"The Quest Pro is the latest device in Zuckerberg’s metaverse pursuitMeta Quest Pro Source: MetaMeta ","content":"<html><head></head><body><p>The Quest Pro is the latest device in Zuckerberg’s metaverse pursuit</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b1594287c89427ac7309ec8be2438c5c\" tg-width=\"1000\" tg-height=\"551\" width=\"100%\" height=\"auto\"/><span>Meta Quest Pro Source: Meta</span></p><p>Meta Platforms Inc. unveiled its newest virtual-reality headset on Tuesday, a foray into the world of high-end VR devices designed to entice creators and working professionals to adopt Mark Zuckerberg’s vision for an immersive digital future.</p><p>The Meta Quest Pro is the company’s latest offering in a product line previously branded as Oculus. The Quest Pro includes a number of technological advancements from the company’s Quest 2 headset, which was launched in late 2020.</p><p>The new headset is also much pricier than its predecessor — it will cost $1,500, or three times the price of the Quest 2, in part because the company is targeting more serious working professionals. With the new device, Facebook parent Meta is seeking to transcend the notion that VR is primarily the realm of gamers, an effort to broaden its audience. Meta’s Quest 2 headset has sold an estimated 15 million units.</p><p>“It’s work-focused,” Meta Chief Executive Officer Zuckerberg told a small group of reporters in late September. “The ideal customers for this [are] gonna be either people who just want the highest-end VR device — so enthusiasts, prosumer type folks — or people who are trying to get work done.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4dee0059cc989178dbbccd95bbddbf65\" tg-width=\"1000\" tg-height=\"577\" width=\"100%\" height=\"auto\"/><span>Multitasking with the Meta Quest ProSource: Meta</span></p><p>Some of the Quest Pro’s new features are built for this work-focused audience, and would be particularly useful for people taking meetings in VR while working remotely. The device includes face- and eye-tracking, which can be used to humanize avatars so that conversations in VR feel more personal. It also has what Meta calls a “full-color mixed realityexperience,” which uses cameras on the outside of the headset to let people see the world around them and overlay graphics while wearing the device. (The Quest 2 also has this mixed reality feature, but only in black and white.)</p><p>Meta is also launching new “self-tracking” controllers alongside its new headset, which means each controller has built-in sensors that can “track their position in 3D space independent ofthe headset,” according to Meta’s blog post about the product.</p><p>Meta and Zuckerberg have been teasing the Quest Pro for months, and many of the gadget’s details leaked ahead of Tuesday’s announcement at the company’s annual Connect conference. Still, Meta’s research in developing virtual and augmented reality headsets is key to plans for the so-called metaverse, an immersive version of the internet where Zuckerberg hopes people will eventually work and play.</p><p>Someday users may access the metaverse as digital avatars through devices like the Quest Pro, and eventually through augmented reality glasses intended to look like ordinary reading spectacles. That vision is still far off — and costing Meta tens of billions of dollars in the interim. The company said investments in its Reality Labs division, which is responsible for building the metaverse, cut operating profits by $10 billion in 2021.  Meta’s shares have tumbled more than 60% this year.</p><p>For now Meta is promoting the Quest Pro as an important tool for working remotely, and is teaming up with Microsoft Corp. to offer Microsoft Teams and Microsoft 365 office-productivity software on the new devices. Microsoft CEO Satya Nadella appeared on video alongside Zuckerberg Tuesday announcing the partnership and promoting the new headset, saying, “we are going through a once-in-a-lifetime change in how we work.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b68201c433089a2ccfa534bdcc1c77d\" tg-width=\"1000\" tg-height=\"625\" width=\"100%\" height=\"auto\"/><span>Meta Quest Pro Source: Meta</span></p><p>Despite buy-in from some of the world’s biggest tech companies, many observers have raised doubts as to whether Zuckerberg’s vision is even possible. After the CEO recently posted a picture of his own avatar to his Facebook page, he was mocked ruthlessly by people who felt the image looked amateur. He quickly ordered up a more advanced version, and Meta is creating much more sophisticated looking avatars than the one Zuckerberg initially posted. For one thing, some of the new avatars have legs as Zuckerberg demoed them Tuesday — a notable change from previous ones that drew ridicule for looking like floating cartoon torsos.</p><p>Meta is building other technology besides headsets that will play into this vision. While some advances, like the full-color mixed reality and facial-tracking technology, are already available, a lot of the innovations are much further off. That category includes things like easy-to-use 3D scanning so people can photograph or take a video of personal items and quickly upload digital versions of those items to a virtual world. It also includes improved spatial audio so that conversations happening in the metaverse will have the same acoustic feel as those in real life.</p><p>The company is working on a wristband that can detect neurological signals in humans and turn those signals into outputs on a digital screen. The technology essentially turns the human hand into a remote control, a helpful tool when trying to operate a pair of smart glasses.</p><p>Zuckerberg demonstrated this technology to a group of reporters late last month from one of the company’s office buildings near Seattle. The wristband is bulky right now, he acknowledged, but eventually he thinks it will be stylish enough that people always wear it to control the devices around them.</p><p>“I think in the future people will use this to control their phones and computers and all this other stuff,” he said. “You’ll just have a little band around your wrist.”</p><p>“It’s not that far off.” He added. “It’s not this year, but it’s not that far off.”</p><p>The Quest Pro goes on sale starting Tuesday and Meta will begin shipping it on Oct. 25.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Debuts $1,500 VR Headset Targeting Working Professionals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Debuts $1,500 VR Headset Targeting Working Professionals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-12 07:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-11/meta-announces-1-500-quest-pro-virtual-reality-headset?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Quest Pro is the latest device in Zuckerberg’s metaverse pursuitMeta Quest Pro Source: MetaMeta Platforms Inc. unveiled its newest virtual-reality headset on Tuesday, a foray into the world of ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-11/meta-announces-1-500-quest-pro-virtual-reality-headset?srnd=technology-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2022-10-11/meta-announces-1-500-quest-pro-virtual-reality-headset?srnd=technology-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181552964","content_text":"The Quest Pro is the latest device in Zuckerberg’s metaverse pursuitMeta Quest Pro Source: MetaMeta Platforms Inc. unveiled its newest virtual-reality headset on Tuesday, a foray into the world of high-end VR devices designed to entice creators and working professionals to adopt Mark Zuckerberg’s vision for an immersive digital future.The Meta Quest Pro is the company’s latest offering in a product line previously branded as Oculus. The Quest Pro includes a number of technological advancements from the company’s Quest 2 headset, which was launched in late 2020.The new headset is also much pricier than its predecessor — it will cost $1,500, or three times the price of the Quest 2, in part because the company is targeting more serious working professionals. With the new device, Facebook parent Meta is seeking to transcend the notion that VR is primarily the realm of gamers, an effort to broaden its audience. Meta’s Quest 2 headset has sold an estimated 15 million units.“It’s work-focused,” Meta Chief Executive Officer Zuckerberg told a small group of reporters in late September. “The ideal customers for this [are] gonna be either people who just want the highest-end VR device — so enthusiasts, prosumer type folks — or people who are trying to get work done.”Multitasking with the Meta Quest ProSource: MetaSome of the Quest Pro’s new features are built for this work-focused audience, and would be particularly useful for people taking meetings in VR while working remotely. The device includes face- and eye-tracking, which can be used to humanize avatars so that conversations in VR feel more personal. It also has what Meta calls a “full-color mixed realityexperience,” which uses cameras on the outside of the headset to let people see the world around them and overlay graphics while wearing the device. (The Quest 2 also has this mixed reality feature, but only in black and white.)Meta is also launching new “self-tracking” controllers alongside its new headset, which means each controller has built-in sensors that can “track their position in 3D space independent ofthe headset,” according to Meta’s blog post about the product.Meta and Zuckerberg have been teasing the Quest Pro for months, and many of the gadget’s details leaked ahead of Tuesday’s announcement at the company’s annual Connect conference. Still, Meta’s research in developing virtual and augmented reality headsets is key to plans for the so-called metaverse, an immersive version of the internet where Zuckerberg hopes people will eventually work and play.Someday users may access the metaverse as digital avatars through devices like the Quest Pro, and eventually through augmented reality glasses intended to look like ordinary reading spectacles. That vision is still far off — and costing Meta tens of billions of dollars in the interim. The company said investments in its Reality Labs division, which is responsible for building the metaverse, cut operating profits by $10 billion in 2021.  Meta’s shares have tumbled more than 60% this year.For now Meta is promoting the Quest Pro as an important tool for working remotely, and is teaming up with Microsoft Corp. to offer Microsoft Teams and Microsoft 365 office-productivity software on the new devices. Microsoft CEO Satya Nadella appeared on video alongside Zuckerberg Tuesday announcing the partnership and promoting the new headset, saying, “we are going through a once-in-a-lifetime change in how we work.”Meta Quest Pro Source: MetaDespite buy-in from some of the world’s biggest tech companies, many observers have raised doubts as to whether Zuckerberg’s vision is even possible. After the CEO recently posted a picture of his own avatar to his Facebook page, he was mocked ruthlessly by people who felt the image looked amateur. He quickly ordered up a more advanced version, and Meta is creating much more sophisticated looking avatars than the one Zuckerberg initially posted. For one thing, some of the new avatars have legs as Zuckerberg demoed them Tuesday — a notable change from previous ones that drew ridicule for looking like floating cartoon torsos.Meta is building other technology besides headsets that will play into this vision. While some advances, like the full-color mixed reality and facial-tracking technology, are already available, a lot of the innovations are much further off. That category includes things like easy-to-use 3D scanning so people can photograph or take a video of personal items and quickly upload digital versions of those items to a virtual world. It also includes improved spatial audio so that conversations happening in the metaverse will have the same acoustic feel as those in real life.The company is working on a wristband that can detect neurological signals in humans and turn those signals into outputs on a digital screen. The technology essentially turns the human hand into a remote control, a helpful tool when trying to operate a pair of smart glasses.Zuckerberg demonstrated this technology to a group of reporters late last month from one of the company’s office buildings near Seattle. The wristband is bulky right now, he acknowledged, but eventually he thinks it will be stylish enough that people always wear it to control the devices around them.“I think in the future people will use this to control their phones and computers and all this other stuff,” he said. “You’ll just have a little band around your wrist.”“It’s not that far off.” He added. “It’s not this year, but it’s not that far off.”The Quest Pro goes on sale starting Tuesday and Meta will begin shipping it on Oct. 25.","news_type":1},"isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917192069,"gmtCreate":1665448877651,"gmtModify":1676537607515,"author":{"id":"4127655087837662","authorId":"4127655087837662","name":"davis007","avatar":"https://community-static.tradeup.com/news/5f10e8b3cc83501b6e347a751bed9727","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4127655087837662","authorIdStr":"4127655087837662"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917192069","repostId":"1104082933","repostType":4,"repost":{"id":"1104082933","kind":"news","pubTimestamp":1665446583,"share":"https://ttm.financial/m/news/1104082933?lang=&edition=fundamental","pubTime":"2022-10-11 08:03","market":"sg","language":"en","title":"Singapore Stock Market Expected To Open Under Pressure On Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1104082933","media":"RTTNews","summary":"The Singapore stock market has finished lower in three straight sessions, sinking more than 45 point","content":"<html><head></head><body><p>The Singapore stock market has finished lower in three straight sessions, sinking more than 45 points or 1.3 percent in that span. The Straits Times Index now rests just beneath the 3,110-point plateau and it&#39;s looking at another soft start again on Tuesday.</p><p>The global forecast for the Asian markets is soft on concerns over economic growth and the outlook for interest rates. The European and U.S. markets were down and the Asian bourses are tipped to follow that lead.</p><p>The STI finished sharply lower on Monday following losses from the financial shares, property stocks and industrial issues.</p><p>For the day, the index dropped 38.34 points or 1.22 percent to finish at 3,107.47 after trading between 3,104.88 and 3,125.06. Volume was 1.2 billion shares worth 960.4 million Singapore dollars. There were 360 decliners and 191 gainers.</p><p>Among the actives, Ascendas REIT declined 2.23 percent, while CapitaLand Integrated Commercial Trust dropped 1.55 percent, CapitaLand Investment slipped 0.87 percent, City Developments shed 1.40 percent, Comfort DelGro tumbled 1.34 percent, DBS Group was down 0.84 percent, Emperador retreated 2.04 percent, Genting Singapore slid 1.24 percent, Hongkong Land dipped 1.09 percent, Keppel Corp fell 1.27 percent, Mapletree Pan Asia Commercial Trust surrendered 2.26 percent, Mapletree Industrial Trust weakened 1.68 percent, Mapletree Logistics Trust stumbled 1.91 percent, Oversea-Chinese Banking Corporation sank 1.42 percent, SATS advanced 1.01 percent, Singapore Technologies Engineering slumped 1.76 percent, SingTel skidded 1.58 percent, Thai Beverage plummeted 3.42 percent, United Overseas Bank lost 1.39 percent, Wilmar International tanked 2.41 percent, Yangzijiang Financial plunged 2.67 percent, Yangzijiang Shipbuilding soared 2.54 percent and SembCorp Industries was unchanged.</p><p>The lead from Wall Street is negative as the major averages opened flat on Monday but quickly turned lower, staying that way for the balance of the session.</p><p>The Dow dropped 93.91 points or 0.32 percent to finish at 29,202.88, while the NASDAQ tumbled 110.30 points or 1.04 percent to end at 10,542.10 and the S&amp;P 500 slipped 27.27 points or 0.75 percent to close at 3,612.39.</p><p>The soft action on Wall Street may be partially attributed to light turnover, with many investors away from their desks for the Columbus Day holiday.</p><p>Soft sentiment still governed the markets after the Labor Department&#39;s closely watched monthly jobs report last week failed to ease concerns about the outlook for interest rates by coming in stronger than economists had anticipated.</p><p>U.S. inflation data, minutes from the Fed&#39;s September meeting and reports on retail sales and consumer sentiment due this week will provide more insights into policymakers&#39; view of where inflation stands and the outlook for the future path of interest rates.</p><p>Crude oil prices drifted lower on Monday as soft data from China raised concerns about the outlook for energy demand. West Texas Intermediate Crude oil futures for November sank $1.51 or 1.6 percent at 91.13 a barrel.</p></body></html>","source":"lsy1626938412129","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stock Market Expected To Open Under Pressure On Tuesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stock Market Expected To Open Under Pressure On Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-11 08:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.rttnews.com/3316308/singapore-stock-market-expected-to-open-under-pressure-on-tuesday.aspx><strong>RTTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore stock market has finished lower in three straight sessions, sinking more than 45 points or 1.3 percent in that span. The Straits Times Index now rests just beneath the 3,110-point ...</p>\n\n<a href=\"https://www.rttnews.com/3316308/singapore-stock-market-expected-to-open-under-pressure-on-tuesday.aspx\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3316308/singapore-stock-market-expected-to-open-under-pressure-on-tuesday.aspx","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104082933","content_text":"The Singapore stock market has finished lower in three straight sessions, sinking more than 45 points or 1.3 percent in that span. The Straits Times Index now rests just beneath the 3,110-point plateau and it's looking at another soft start again on Tuesday.The global forecast for the Asian markets is soft on concerns over economic growth and the outlook for interest rates. The European and U.S. markets were down and the Asian bourses are tipped to follow that lead.The STI finished sharply lower on Monday following losses from the financial shares, property stocks and industrial issues.For the day, the index dropped 38.34 points or 1.22 percent to finish at 3,107.47 after trading between 3,104.88 and 3,125.06. Volume was 1.2 billion shares worth 960.4 million Singapore dollars. There were 360 decliners and 191 gainers.Among the actives, Ascendas REIT declined 2.23 percent, while CapitaLand Integrated Commercial Trust dropped 1.55 percent, CapitaLand Investment slipped 0.87 percent, City Developments shed 1.40 percent, Comfort DelGro tumbled 1.34 percent, DBS Group was down 0.84 percent, Emperador retreated 2.04 percent, Genting Singapore slid 1.24 percent, Hongkong Land dipped 1.09 percent, Keppel Corp fell 1.27 percent, Mapletree Pan Asia Commercial Trust surrendered 2.26 percent, Mapletree Industrial Trust weakened 1.68 percent, Mapletree Logistics Trust stumbled 1.91 percent, Oversea-Chinese Banking Corporation sank 1.42 percent, SATS advanced 1.01 percent, Singapore Technologies Engineering slumped 1.76 percent, SingTel skidded 1.58 percent, Thai Beverage plummeted 3.42 percent, United Overseas Bank lost 1.39 percent, Wilmar International tanked 2.41 percent, Yangzijiang Financial plunged 2.67 percent, Yangzijiang Shipbuilding soared 2.54 percent and SembCorp Industries was unchanged.The lead from Wall Street is negative as the major averages opened flat on Monday but quickly turned lower, staying that way for the balance of the session.The Dow dropped 93.91 points or 0.32 percent to finish at 29,202.88, while the NASDAQ tumbled 110.30 points or 1.04 percent to end at 10,542.10 and the S&P 500 slipped 27.27 points or 0.75 percent to close at 3,612.39.The soft action on Wall Street may be partially attributed to light turnover, with many investors away from their desks for the Columbus Day holiday.Soft sentiment still governed the markets after the Labor Department's closely watched monthly jobs report last week failed to ease concerns about the outlook for interest rates by coming in stronger than economists had anticipated.U.S. inflation data, minutes from the Fed's September meeting and reports on retail sales and consumer sentiment due this week will provide more insights into policymakers' view of where inflation stands and the outlook for the future path of interest rates.Crude oil prices drifted lower on Monday as soft data from China raised concerns about the outlook for energy demand. West Texas Intermediate Crude oil futures for November sank $1.51 or 1.6 percent at 91.13 a barrel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9980874746,"gmtCreate":1665709518585,"gmtModify":1676537652484,"author":{"id":"4127655087837662","authorId":"4127655087837662","name":"davis007","avatar":"https://community-static.tradeup.com/news/5f10e8b3cc83501b6e347a751bed9727","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4127655087837662","authorIdStr":"4127655087837662"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980874746","repostId":"2275679720","repostType":4,"repost":{"id":"2275679720","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1665704755,"share":"https://ttm.financial/m/news/2275679720?lang=&edition=fundamental","pubTime":"2022-10-14 07:45","market":"us","language":"en","title":"Brazil Court Fines Apple, Orders to Sell IPhone With Charger","url":"https://stock-news.laohu8.com/highlight/detail?id=2275679720","media":"Reuters","summary":"SAO PAULO, Oct 13 (Reuters) - A Brazilian court on Thursday fined Apple Inc 100 million reais ($19 m","content":"<html><head></head><body><p>SAO PAULO, Oct 13 (Reuters) - A Brazilian court on Thursday fined Apple Inc 100 million reais ($19 million) and ruled that battery chargers must come with new iPhones sold in the country.</p><p>The Sao Paulo state court ruled against Apple in a lawsuit, filed by the association of borrowers, consumers and taxpayers, that argued that the company commits abusive practices by selling its flagship product without a charger.</p><p>Apple said it will appeal the decision.</p><p>Previously, the tech firm argued that the practice had the purpose of reducing carbon emissions.</p><p>&#34;It is evident that, under the justification of a &#39;green initiative,&#39; the defendant imposes on the consumer a required purchase of charger adaptors that were previously supplied along with the product,&#34; said the court&#39;s decision.</p><p>($1 = 5.2622 reais)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Brazil Court Fines Apple, Orders to Sell IPhone With Charger</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBrazil Court Fines Apple, Orders to Sell IPhone With Charger\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-10-14 07:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SAO PAULO, Oct 13 (Reuters) - A Brazilian court on Thursday fined Apple Inc 100 million reais ($19 million) and ruled that battery chargers must come with new iPhones sold in the country.</p><p>The Sao Paulo state court ruled against Apple in a lawsuit, filed by the association of borrowers, consumers and taxpayers, that argued that the company commits abusive practices by selling its flagship product without a charger.</p><p>Apple said it will appeal the decision.</p><p>Previously, the tech firm argued that the practice had the purpose of reducing carbon emissions.</p><p>&#34;It is evident that, under the justification of a &#39;green initiative,&#39; the defendant imposes on the consumer a required purchase of charger adaptors that were previously supplied along with the product,&#34; said the court&#39;s decision.</p><p>($1 = 5.2622 reais)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275679720","content_text":"SAO PAULO, Oct 13 (Reuters) - A Brazilian court on Thursday fined Apple Inc 100 million reais ($19 million) and ruled that battery chargers must come with new iPhones sold in the country.The Sao Paulo state court ruled against Apple in a lawsuit, filed by the association of borrowers, consumers and taxpayers, that argued that the company commits abusive practices by selling its flagship product without a charger.Apple said it will appeal the decision.Previously, the tech firm argued that the practice had the purpose of reducing carbon emissions.\"It is evident that, under the justification of a 'green initiative,' the defendant imposes on the consumer a required purchase of charger adaptors that were previously supplied along with the product,\" said the court's decision.($1 = 5.2622 reais)","news_type":1},"isVote":1,"tweetType":1,"viewCount":359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980720471,"gmtCreate":1665819740494,"gmtModify":1676537669588,"author":{"id":"4127655087837662","authorId":"4127655087837662","name":"davis007","avatar":"https://community-static.tradeup.com/news/5f10e8b3cc83501b6e347a751bed9727","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4127655087837662","authorIdStr":"4127655087837662"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980720471","repostId":"2275952060","repostType":4,"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917192069,"gmtCreate":1665448877651,"gmtModify":1676537607515,"author":{"id":"4127655087837662","authorId":"4127655087837662","name":"davis007","avatar":"https://community-static.tradeup.com/news/5f10e8b3cc83501b6e347a751bed9727","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4127655087837662","authorIdStr":"4127655087837662"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917192069","repostId":"1104082933","repostType":4,"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917285659,"gmtCreate":1665531227871,"gmtModify":1676537620698,"author":{"id":"4127655087837662","authorId":"4127655087837662","name":"davis007","avatar":"https://community-static.tradeup.com/news/5f10e8b3cc83501b6e347a751bed9727","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4127655087837662","authorIdStr":"4127655087837662"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917285659","repostId":"2274059975","repostType":4,"repost":{"id":"2274059975","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1665528985,"share":"https://ttm.financial/m/news/2274059975?lang=&edition=fundamental","pubTime":"2022-10-12 06:56","market":"us","language":"en","title":"US STOCKS-S&P 500, Nasdaq End Lower; BoE Comments Add to Market Jitters Late","url":"https://stock-news.laohu8.com/highlight/detail?id=2274059975","media":"Reuters","summary":"* Amgen jumps on report of Morgan Stanley upgrade* IMF expects U.S. growth this year to be a meager ","content":"<html><head></head><body><p>* Amgen jumps on report of Morgan Stanley upgrade</p><p>* IMF expects U.S. growth this year to be a meager 1.6%</p><p>* Indexes: Dow up 0.1%, S&amp;P 500 down 0.7%, Nasdaq down 1.1%</p><p>NEW YORK, Oct 11 (Reuters) - The S&amp;P 500 and Nasdaq ended lower on Tuesday, with indications from the Bank of England that it would support the country&#39;s bond market for just three more days adding to market jitters late in the session.</p><p>Trading was volatile, with investors cautious ahead of key U.S. inflation data and the start of third-quarter earnings later this week.</p><p>The Dow ended higher, helped by Amgen Inc shares, which jumped 5.7% after a report that Morgan Stanley upgraded the drugmaker&#39;s stock to &#34;overweight&#34; from &#34;equal weight.&#34;</p><p>All three major indexes fell in afternoon trading after Bank of England Governor Andrew Bailey told pension fund managers to finish rebalancing their positions by Friday when the British central bank is due to end its emergency support program for the country&#39;s bond market.</p><p>&#34;What caused the latest downturn was an announcement the Bank of England was going to stop supporting the gilt (UK bonds) market in three days,&#34; said Randy Frederick, managing director, trading and derivatives at Charles Schwab in Austin.</p><p>Earlier on Tuesday, the Pensions and Lifetime Savings Association urged the BoE to extend the bond-buying programme until Oct. 31 &#34;and possibly beyond.&#34;</p><p>Growth and technology stocks underperformed as U.S. Treasury yields rose amid concern that U.S. inflation data this week will not stop the Fed&#39;s rapid hiking of interest rates. The S&amp;P technology sector was down 1.5%.</p><p>The producer price index report is due Wednesday and consumer price index data is due Thursday.</p><p>The Dow Jones Industrial Average rose 36.31 points, or 0.12%, to 29,239.19, the S&amp;P 500 lost 23.55 points, or 0.65%, to 3,588.84 and the Nasdaq Composite dropped 115.91 points, or 1.1%, to 10,426.19.</p><p>The Fed has been aggressively raising rates to curb inflation and is expected to continue with more increases into next year.</p><p>Stocks have been hit in recent weeks by worries about how aggressive the Fed may still need to be with hiking rates and the potential impact on the economy.</p><p>The S&amp;P banks index was down 2.6% ahead of quarterly results from some major banks later this week. The reports are expected to kick off the third quarter reporting period for S&amp;P 500 companies.</p><p>Adding to recent fears about the economy, the International Monetary Fund predicted a meager 1.6% growth in the U.S. economy this year.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.51-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted one new 52-week high and 104 new lows; the Nasdaq Composite recorded 33 new highs and 590 new lows.</p><p>Volume on U.S. exchanges was 11.65 billion shares, compared with the 11.73 billion average for the full session over the last 20 trading days.</p><p><img src=\"https://static.tigerbbs.com/c28602cc6e9d240d16ef10c2c14c62f0\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500, Nasdaq End Lower; BoE Comments Add to Market Jitters Late</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500, Nasdaq End Lower; BoE Comments Add to Market Jitters Late\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-10-12 06:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Amgen jumps on report of Morgan Stanley upgrade</p><p>* IMF expects U.S. growth this year to be a meager 1.6%</p><p>* Indexes: Dow up 0.1%, S&amp;P 500 down 0.7%, Nasdaq down 1.1%</p><p>NEW YORK, Oct 11 (Reuters) - The S&amp;P 500 and Nasdaq ended lower on Tuesday, with indications from the Bank of England that it would support the country&#39;s bond market for just three more days adding to market jitters late in the session.</p><p>Trading was volatile, with investors cautious ahead of key U.S. inflation data and the start of third-quarter earnings later this week.</p><p>The Dow ended higher, helped by Amgen Inc shares, which jumped 5.7% after a report that Morgan Stanley upgraded the drugmaker&#39;s stock to &#34;overweight&#34; from &#34;equal weight.&#34;</p><p>All three major indexes fell in afternoon trading after Bank of England Governor Andrew Bailey told pension fund managers to finish rebalancing their positions by Friday when the British central bank is due to end its emergency support program for the country&#39;s bond market.</p><p>&#34;What caused the latest downturn was an announcement the Bank of England was going to stop supporting the gilt (UK bonds) market in three days,&#34; said Randy Frederick, managing director, trading and derivatives at Charles Schwab in Austin.</p><p>Earlier on Tuesday, the Pensions and Lifetime Savings Association urged the BoE to extend the bond-buying programme until Oct. 31 &#34;and possibly beyond.&#34;</p><p>Growth and technology stocks underperformed as U.S. Treasury yields rose amid concern that U.S. inflation data this week will not stop the Fed&#39;s rapid hiking of interest rates. The S&amp;P technology sector was down 1.5%.</p><p>The producer price index report is due Wednesday and consumer price index data is due Thursday.</p><p>The Dow Jones Industrial Average rose 36.31 points, or 0.12%, to 29,239.19, the S&amp;P 500 lost 23.55 points, or 0.65%, to 3,588.84 and the Nasdaq Composite dropped 115.91 points, or 1.1%, to 10,426.19.</p><p>The Fed has been aggressively raising rates to curb inflation and is expected to continue with more increases into next year.</p><p>Stocks have been hit in recent weeks by worries about how aggressive the Fed may still need to be with hiking rates and the potential impact on the economy.</p><p>The S&amp;P banks index was down 2.6% ahead of quarterly results from some major banks later this week. The reports are expected to kick off the third quarter reporting period for S&amp;P 500 companies.</p><p>Adding to recent fears about the economy, the International Monetary Fund predicted a meager 1.6% growth in the U.S. economy this year.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.51-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted one new 52-week high and 104 new lows; the Nasdaq Composite recorded 33 new highs and 590 new lows.</p><p>Volume on U.S. exchanges was 11.65 billion shares, compared with the 11.73 billion average for the full session over the last 20 trading days.</p><p><img src=\"https://static.tigerbbs.com/c28602cc6e9d240d16ef10c2c14c62f0\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2274059975","content_text":"* Amgen jumps on report of Morgan Stanley upgrade* IMF expects U.S. growth this year to be a meager 1.6%* Indexes: Dow up 0.1%, S&P 500 down 0.7%, Nasdaq down 1.1%NEW YORK, Oct 11 (Reuters) - The S&P 500 and Nasdaq ended lower on Tuesday, with indications from the Bank of England that it would support the country's bond market for just three more days adding to market jitters late in the session.Trading was volatile, with investors cautious ahead of key U.S. inflation data and the start of third-quarter earnings later this week.The Dow ended higher, helped by Amgen Inc shares, which jumped 5.7% after a report that Morgan Stanley upgraded the drugmaker's stock to \"overweight\" from \"equal weight.\"All three major indexes fell in afternoon trading after Bank of England Governor Andrew Bailey told pension fund managers to finish rebalancing their positions by Friday when the British central bank is due to end its emergency support program for the country's bond market.\"What caused the latest downturn was an announcement the Bank of England was going to stop supporting the gilt (UK bonds) market in three days,\" said Randy Frederick, managing director, trading and derivatives at Charles Schwab in Austin.Earlier on Tuesday, the Pensions and Lifetime Savings Association urged the BoE to extend the bond-buying programme until Oct. 31 \"and possibly beyond.\"Growth and technology stocks underperformed as U.S. Treasury yields rose amid concern that U.S. inflation data this week will not stop the Fed's rapid hiking of interest rates. The S&P technology sector was down 1.5%.The producer price index report is due Wednesday and consumer price index data is due Thursday.The Dow Jones Industrial Average rose 36.31 points, or 0.12%, to 29,239.19, the S&P 500 lost 23.55 points, or 0.65%, to 3,588.84 and the Nasdaq Composite dropped 115.91 points, or 1.1%, to 10,426.19.The Fed has been aggressively raising rates to curb inflation and is expected to continue with more increases into next year.Stocks have been hit in recent weeks by worries about how aggressive the Fed may still need to be with hiking rates and the potential impact on the economy.The S&P banks index was down 2.6% ahead of quarterly results from some major banks later this week. The reports are expected to kick off the third quarter reporting period for S&P 500 companies.Adding to recent fears about the economy, the International Monetary Fund predicted a meager 1.6% growth in the U.S. economy this year.Declining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.51-to-1 ratio favored decliners.The S&P 500 posted one new 52-week high and 104 new lows; the Nasdaq Composite recorded 33 new highs and 590 new lows.Volume on U.S. exchanges was 11.65 billion shares, compared with the 11.73 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917285915,"gmtCreate":1665531149238,"gmtModify":1676537620682,"author":{"id":"4127655087837662","authorId":"4127655087837662","name":"davis007","avatar":"https://community-static.tradeup.com/news/5f10e8b3cc83501b6e347a751bed9727","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4127655087837662","authorIdStr":"4127655087837662"},"themes":[],"htmlText":"The future","listText":"The future","text":"The future","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917285915","repostId":"1181552964","repostType":4,"isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}