The major U.S. benchmarks are erasing gains made earlier in the week as key blue-chip stocks pull the Dow down, extending its year-to-date deficit. Before recovering some losses, the index tracking 30 large, publicly-owned companies fell as much as 800 points to an intraday low of 32,573.43 around 1:30 p.m. Eastern time.
In an interview with FOX Business, Edward Moya, a senior market analyst for OANDA in New York said, “It looks like the Grinch is here to stay.”
“Investors are nervous that we have yet to see the true impact of global central bank tightening, and they will remain overly defensive and shy away from interest-rate sensitive sectors,” he explained. “Boring stocks with nice dividend returns will start to look attractive again, while some investors will give fixed income a good look as yields become more attractive than investing in some of the major indexes.”
Last week, the U.S. Federal Reserve remained committed to its interest rate hike strategy, moving the fed funds rate 50-basis points higher to cool inflationary pressures not seen in more than four decades. Many observers expect the Fed’s policy moves to send the U.S. economy into a recession.
MacDailyNews Note: Apple ended the day down $3.22 (-2.38%) to $132.23.
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!
Shop The Apple Store at Amazon.
This economy is the Democrat economic “wet dream”. Destroying a high functioning, prosperous, productive, capitalistic economy in less than two years and bringing it to its knees is pure joy to Democrats. That is why they have the Fidel and Mao posters in their homes. Get used to it. The sociopathic thug Democrats are in charge for the foreseeable future.
Your urges to lash out may become enhanced during the holiday stress – it is common for those with anger issues. Try to find a positive outlet. Forgiveness is a high goal, but one you can maybe one day achieve. Here’s hoping you feel better in the new year!
Well, with 2023 around the corner and a new Republican House to have investigations that afterwards, should put Hunter Biden in jail and Joe Biden impeached if there is any true justice left in this country, then yeah, I’ll be feeling better in the new year!
I would also have a plan B just in case your fantasy doesn’t become reality. Then either way it works out, you can be happy about something.
Let’s all do a good deed today!
Libturd stupidity has caused:
-Lying, corrupt, racist dementia patient and whore installed in the White House
-Burning cities
-Occupy movement
-Doubled gas prices
-Gas pipeline shut down
-Unaffordable healthcare insurance
-Legalization of marijuana
-baby killing
-Destroyed economy
-Crashed stock market
-Upcoming recession
-Highest inflation in 40 years
-Weaponized IRS
-Destroyed school system
-Open borders
-Illegal aliens getting drivers licenses
-Illegal aliens getting free medical insurance
-Illegal aliens getting tax-payer money
-Trading a useless, anti-American black, lezbo athlete for a notorious arms dealer (Merchant of Death) while leaving behind a USMC veteran
-Releasing a notorious arms dealer (Merchant of Death) while trying to deprive Americans the right to defend themselves with gun control so we can protect ourselves from violent libturds
-Red flag laws
-Voter fraud enabling
-No voter ID
-labeling all non-libturds as domestic terrorists
-labeling all non-libturds as racist
-Electric car mandates during electric crisis
-Woke bullshit
-“Identify as” bullshit
-“Inclusion” but only what libturds want to include
-Kneeling for National Anthem
-Woke hirings preferred over actual competence
-Obese, mentally ill person installed as head of health
-Mentally ill, genderfluid ‘puppy’ thief installed at Department of Energy
-320 genders
-It/that, them/they, and WTF pronouns
-Misgendering bullshit
-Epstein client list hidden
-Russia collusion bullshit
-Destruction of free speech
-Transgender perversion forced on children
-Drag queen story hours
-Boys in the girls’ bathrooms.
-Boys in girls’ sports
-Record underemployment
-Defund police
-Record high crime
-Soft on crime policies
-Obese, ugly men winning female beauty pageants
-Food shortages
-Corruption of our Legislators
-Corruption of our Judges
-Corrupt FBI
-Corrupt media
-Corrupt Social media
-Acceptance of Socialism and rejection of Capitalism
-Election and reelection of incredibly stupid, mentally unfit politicians: AOC, racist Omar, We have to pass it to find out what in it Pelosi, Guam will tip over Hank Johnson, brain damaged Fetterman, Dementia Joe—just to name a few.
-The list goes on and on and on and on and on and on and…
And you are so fucking stupid that you think you are the smart ones!
You want to start a revolution, but you can’t even start a lawnmower.
The next civil war will be fought between Americans and libturds. One side has 300 million firearms and trillions of rounds of ammunition, the other has strap-on dildos and toilet plungers.
Fuck Joe Biden. Fuck libturds
Sing it Sizzlebutt Sam! 😂
You’re such a deplorable MAGA Retardlican.
ESAD, you fucking stupid piece of shit
High praise coming from you. Thank you.
You don’t have to prove your stupidity with every post, cynic.
We all know you are too stupid to know that you are stupid.
Another Retardlican.
yes but at least the war in ukraine and the peace in Afghanistan are going awesome
As an African, I appreciate the 3 billion for coal use abatement. I’m eagerly anticipating creative uses of the $$ and more assistance beyond the US borders..
Democratic policies have killed supply chain, the markets and the economy. Vote differently if you want to have a retirement fund.
Voting for Democrats is like praying. It makes you feel good, but doesn’t actually do anything.
Praying to God does lots of good things. Democrats hate God so they don’t pray. They just destroy everything good that civilized people have created.
So contraire, Dems, liberals really, love the God given gift of free will, which conservatives keep trying to take away.
That’s a lie. Your list….?
I bet you favor the FBI’s hand on TWTR and CIA’s on FB?
I gave you my list, but MDN deleted it.
You have it exactly, BACKWARDS. Your Blue Team through woke manipulation methods and CANCEL CULTURE is hell bent on forcing Communist Socialism on every American citizen. Wake up!…
The Democrats love the poor. Soon, they will be very generous and offer everyone a Universal Basic Income. It will be pretty low, but it will be “universal” and it will be “income”. Almost everybody will get it because nobody will have any money any more. Like Klaus Schwab, the Democrat Financial and Society Planner promised us all, “you will own nothing and you will be happy.” Private jets and enormous mansions will still be permitted for just a few of the vitally important power players who are setting up the Universal Basic Income. For the little people.