“The market has already priced in a strong recovery and earnings season over-delivered, but it was still not enough to drive indexes much higher,” said Sophie Chardon, cross-asset strategist at Lombard Odier. “The market is now focusing on the next steps, especially on policy. The next step will be to see how the Fed shifts its monetary policy outlook.”
The improving economic picture is encouraging some investors to step up bets on companies that stand to benefit the most from the recovery. That is leading to a rally in energy and banking stocks, while technology shares have slowed their gains.
please retweet. Mauritania is facing acute humanitarian needs, including high levels of food insecurity (over 25 per cent of the population in severe food insecurity in most of the provinces) and very high rates of acute malnutrition. UN
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.