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NEW YORK — Shares of Bed Bath & Beyond Inc edged higher in midday trading Tuesday but the stock remained under $1, leaving the home goods retailer at risk of…
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(Reuters) — The S&P 500 ended lower on Friday, weighed down by Microsoft and Nvidia as investors worried that inflation and a strong U.S. economy could put the Federal Reserve
The S&P 500 ended lower on Friday, weighed down by Microsoft and Nvidia as investors worried that inflation and a strong U.S. economy could put the Federal Reserve on pace for more interest rate hikes. The see-saw session on Wall Street followed economic data this week that pointed to elevated inflation, a tight job market and resilience in consumer spending, giving the Fed more room for to raise borrowing costs.
Consumers have been slow to change their behavior, but this year, trading down is expected to accelerate, said Truist analyst Bill Chappell.