That's Amazon.com's market capitalization as of Tuesday afternoon in New York. If it stays there, it will mark the first time since April 2020—the depths of the Covid-19 pandemic—that Amazon closed below $1 trillion in market value. A record pace of tightening from the Federal Reserve has sent [tech stocks spiraling](https://www.wsj.com/livecoverage/stock-market-news-today-11-01-2022/card/the-stock-market-looks-nothing-like-it-did-in-2021-6wR1GdCHLNfYGXLAX9Ke) this year. The final nudge for inve Read More...
Reuters
Analysis-With Fed in view, dollar rally dented but not quite done, investors say
Investors are hesitant to bet on a sustained decline in the dollar, even after the U.S. currency suffered its sharpest retreat in about 15 months and a potentially pivotal Federal Reserve meeting looms. During the recent dip in the U.S. Dollar Index, the greenback has fallen by as much as 4.6% from a two-decade high of 114.778 hit in late September, the largest retreat from a 52-week high since July 2021. At the same time, the crowd of dollar bulls has thinned; net bets on a higher dollar stood at $11.3 billion in futures markets, their lowest level since March, the latest data from the U.S. Commodity Futures Trading Commission showed.
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