The Dow Jones Industrial Average is down Thursday as some of the indices’ key stocks nosedive
In an interview with FOX Business, Edward Moya, a senior market analyst for OANDA in New York said, "It looks like the Grinch is here to stay."
"Investors are nervous that we have yet to see the true impact of global central bank tightening, and they will remain overly defensive and shy away from interest-rate sensitive sectors," he explained. "Boring stocks with nice dividend returns will start to look attractive again, while some investors will give fixed income a good look as yields become more attractive than investing in some of the major indexes.
Federal Reserve Chairman Jerome Powell attends a news conference following an Open Market Committee meeting, at the Federal Reserve Board Building, Wednesday, June 15, 2022, in Washington. Central banks in the U.K., eurozone, and Switzerland have all increased interest rates by 0.5 percentage points, following the Federal Reserve’s continued strategy of scheduled interest rate hikes, leaving many investors on the sidelines until an end to the rate hikes is announced.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow futures climb over 200 points after Wall Street snaps a losing runU.S. stock futures advanced on Wednesday, with Wall Street poised to build on its climb out of a four-straight losing hole.
Read more »
Deputy dressed as Grinch gives onions to speeding driversSeveral motorists who were speeding through an elementary school zone on the Florida Keys Overseas Highway received an odorous onion as a reminder to slow down from a county sheriff’s deputy dresse…
Read more »
I went viral with my Grinch-inspired braids — ‘This is art’“I try to be original and think outside the box, so over the summer I came up with the idea to do NBA/NFL and holiday-themed braids,” Shana Everson explained.
Read more »
Fun Is Now Canceled in Russia as Putin Goes Full GrinchSince the start of the war, state censors and so-called hurrah-patriots have rallied for bans against popular Russian theater, art, and films they deem “pro-Western.”
Read more »