David Tepper expects stock valuations to fall due to interest rates and quantitative tightening. The Appaloosa boss says that financial conditions have worsened so valuations must drop too. Investors should expect stocks to command lower valuations than in past years, as financial conditions are a lot tighter today, David Tepper says. “It’s not that complicated…
US stocks traded mixed on Friday as a government shutdown looked increasingly likely. The session also closed out a dismal September, with the S&P 500 losing 5% to mark its worst month of 2023. US stocks traded mixed on Friday as investors initially cheered better-than-expected inflation news but grew jittery as a government shutdown appeared…
US stocks jumped Friday as investors took in better-than-expected inflation. Core PCE, the Fed’s preferred inflation measure, rose 0.1% in August, below estimates of 0.2%. US stocks edged higher on Friday as markets digested cooler-than-expected inflation data. All three benchmark indexes rose higher at the open, with the Dow Jones Industrial Average gaining nearly points.…
US stocks moved higher on Thursday, while bond yields fell. The Dow Jones Industrial Average gained more than 100 points. US stocks closed in the green on Thursday as bond yields retreated from multi-year highs. Investors pushed stocks higher as they try to rebound from steep losses in the month. The 10-year US Treasury edged…
