S&P posts 4th straight decline as recession talk weighs on Wall Street

12/7/2022 5:15:00 AM

U.S. main indexes slid Tuesday, led by declines in tech stocks as investors worried about a longer rate-hike cycle.

Wall Street ended lower, with Meta and other Big Tech stocks dragging down the Nasdaq, while the S&P 500 extended its losing streak to four sessions

U.S. main indexes slid Tuesday, led by declines in tech stocks as investors worried about a longer rate-hike cycle.

CEO Jamie Dimon said inflation will erode consumer spending power and that a mild to more pronounced recession was likely ahead.Published Mon, Dec 5 2022 8:50 AM EST WATCH LIVE Here are Monday's biggest calls on Wall Street: Cowen names Yum! Brands a top pick in 2023 Cowen said the owner of brands such as Taco Bell and KFC is attractive heading into 2023.Share This Page.SEC accused company of sharing nonpublic financial metrics with analysts The Securities and Exchange Commission alleged moves that led to a lowered consensus sales estimate for AT&T, which the telecom company beat.

Their comments came on the heels of recent views from that believe the U.S." BTIG upgrades Domino's to buy from hold BTIG said in its upgrade of Domino's that it sees inflation moderating.Federal Reserve's aggressive monetary tightening to combat stubbornly high price rises could induce an economic downturn in 2023."The market is very reactive right now," said David Sadkin, president at Bel Air Investment Advisors." Cowen names SolarEdge a top pick in 2023 Cowen said the solar company is well positioned heading into 2023.He noted that, while markets traditionally reflect the future, right now they are moving up and down based on the latest headlines.25 million to settle a lawsuit filed by regulators that alleged it gave nonpublic financial information to analysts who then lowered their estimates, allowing the company to beat sales expectations.

[1/2] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U." JPMorgan upgrades Murphy oil to overweight from neutral JPMorgan said the stock is a "relative winner.S., November 15, 2022.S.REUTERS/Brendan McDermid/File Photo 1 2 Fears about economic growth come amid a re-evaluation by traders of what path future interest rate hikes will take, following strong data on jobs and the services sector in recent days.Money market bets are pointing to a 91% chance that the U." Citi initiates Alaska Airlines as buy and JetBlue as neutral Citi initiated coverage of Alaska and said it likes the company's strong pricing.

S.central bank might raise rates by 50 basis points at its Dec."The carrier's strong pricing, traffic flow from its partner airlines, and re-fleeting look attractive.13-14 policy meeting, with rates expected to peak at 4.98% in May 2023, up from 4..92% estimated on Monday before service-sector data was released.

The S&P 500 rallied 13..8% in October and November on hopes of smaller rate hikes and better-than-expected earnings, although such Fed expectations could be undermined by further data releases, including producer prices due out on Friday."The market got ahead of itself at the end of November, but then we got some good economic data, so people are re-evaluating what the Fed is going to do next week," said Bel Air's Sadkin." Morgan Stanley upgrades United Airlines to overweight from equal weight and names Delta a top pick in 2023 Morgan Stanley said it sees a "bullish" air travel outlook in 2023.The Dow Jones Industrial Average.

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Here are Monday's biggest analyst calls: Apple, Amazon, Tesla, Netflix, Coinbase, Costco, Etsy & moreHere are the biggest calls on Wall Street for Monday, Dec. 5.

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