Dow Jones rose despite strong jobs data, after news of easing Chinese Covid restrictions and an audit of US-listed Chinese companies. Read More...
Bloomberg
US Earnings to Watch: Disney, Lyft, Rivian, NIO, Tapestry
(Bloomberg) — Financial markets were roiled this week after the Federal Reserve announced a fourth rate hike of 75bps, with the S&P 500 Index suffering its worst rout on a Fed decision day since January 2021, although gains in industrial and commodity companies helped the benchmark pare losses. Still, even as companies like Airbnb, Moderna, Paypal, Peloton, Qualcomm and Stryker trimmed their forecasts this week, and some cut staff in preparation for “leaner times,” some strategists say the gloo
