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STORY: Wall Street's main indexes plummeted on Friday, capping a week marked by hotter-than-expected inflation and jobs data that forced investors to reset expectations for the timing of interest rate... -April 12, 2024 at 06:08 pm EDT - MarketScreener
STORY: U.S. stocks closed higher on Thursday as investors hoped data showing a retail sales slump might compel the Federal Reserve to start cutting interest rates in the coming months.
A hot reading on inflation means interest rates will stay higher for a little longer.
Investors should forget the "Magnificent Seven" stocks that have accounted for the market's gains this year, Robert Conzo told Reuters.
Investors should forget the "Magnificent Seven" stocks that have accounted for the market's gains this year, Robert Conzo told Reuters.