S&P 500, Nasdaq eye weekly loss as rate-hike worries hit growth stocks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The blue-chip Dow was set to post slim weekly gains, with stocks struggling to advance this week as initial hope that inflation had peaked gave way to doubts following the Federal Reserve’s minutes from July meeting.

High-growth and technology stocks such as Amazon.com Inc and Alphabet Inc fell over 2% as US Treasury bond yields rose, mimicking European bonds as Germany posted a record-high increase in monthly producer prices.Banks fell 2.3% and were set to end the week lower, potentially snapping their six-week winning streak.

Meanwhile, Richmond Federal Reserve President Thomas Barkin said on Friday that the Fed’s efforts to control inflation could lead to a recession, but it needn’t be “calamitous”. Focus next week will be on Fed Chair Jerome Powell’s speech on the economic outlook at the annual global central bankers’ conference in Jackson Hole, Wyoming.

I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.

I highly recommend Sarah_Elliott5 as the number 1 trader. With her I am profiting from my investment weekly. I highly recommend Sarah_Elliott5

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Entelek, A2pay to roll out 2 500 free Wi-Fi sites in South AfricaEntelek IT Services plans to add 2 500 more Wi-Fi sites to its Pasella Free Wi-Fi network in partnership with A2pay.
Source: TechCentral - 🏆 8. / 71 Read more »

RICARDO SMITH: Expect more Fed hikes, but there’s light at the end of the tunnelIn the long term, things are picking up with most of the S&P 500 companies
Source: BDliveSA - 🏆 12. / 63 Read more »

Aircraft Cost Calculator | Fast, Accurate Ownership and Operating CostsDetermine the actual costs of owning and operating over 500 types of aircraft with ACC, a powerful, easy to use global web application. Owners, operators, flight departments, and financial institutions can start a free trial and get results in minutes. Ikhona nje ibhasi to Kinshasa? He must use SA Army cargo aircraft C130 mos Dear Auntie Sophie. In Zimbabwe we don't have access to voter's roll... Next year's elections are already being cooked 🙆🏿‍♂️🙆🏿‍♂️🙆🏿‍♂️
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Weekly Global COVID-19 Wrap - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.In this week’s Global COVID-19 Wrap, SABC News captures highlights from all corners of the globe as the number of confirmed coronavirus infections continues to rise. Over 599 million COVID-19 cases have been recorded globally, with over 573 million recoveries and over 6.4 million deaths. Africa has so far recorded over 12.5 million cases, with … I highly recommend Sarah_Elliott5 as the number 1 trader. With her I am profiting from my investment weekly. I highly recommend Sarah_Elliott5
Source: SABCNews - 🏆 37. / 51 Read more »

LIVE: Tokollo 'Magesh' Tshabalala Funeral - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The funeral of late Kwaito star and member of TKZee Tokollo 'Magesh' Tshabalala is under way at Rhema Bible Church North in Randburg. I highly recommend Sarah_Elliott5 as the number 1 trader. With her I am profiting from my investment weekly. I highly recommend Sarah_Elliott5
Source: SABCNews - 🏆 37. / 51 Read more »

S&P 500, Nasdaq eye weekly loss as rate-hike worries hit growth stocks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The S&P 500 and the Nasdaq on Friday were set for their first weekly loss after four weeks of gains as worries over interest rate hikes sapped risk appetite and dragged the megacap growth and technology stocks sharply lower. I highly recommend Sarah_Elliott5 as the number 1 trader. With her I am profiting from my investment weekly. I highly recommend Sarah_Elliott5 I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.
Source: SABCNews - 🏆 37. / 51 Read more »