Finally. However, worst is yet

2022-10-04

Finally. However, worst is yet to come some say. Hopefully they are incorrect.

US STOCKS-Wall Street Closes With Sharp Gains As Final Quarter Begins

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Comments

Shungou
2022-10-04
Shungou
Wonder if rebound sustainable
MengKeng
2022-10-04
MengKeng
totally agree on this
aaffsmcjje
2022-10-04
aaffsmcjje
Its going to get worse
Shahfarid
2022-10-04
Shahfarid
Hopefully…

Leave a comment

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However, worst is yet to come some say. Hopefully they are incorrect.</body></html>","htmlText":"<html><head></head><body>Finally. However, worst is yet to come some say. Hopefully they are incorrect.</body></html>","text":"Finally. However, worst is yet to come some say. Hopefully they are incorrect.","highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9912261972","repostId":2272007231,"repostType":4,"repost":{"id":"2272007231","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1664838057,"share":"https://www.laohu8.com/m/news/2272007231?lang=&edition=full","pubTime":"2022-10-04 07:00","market":"us","language":"en","title":"US STOCKS-Wall Street Closes With Sharp Gains As Final Quarter Begins","url":"https://stock-news.laohu8.com/highlight/detail?id=2272007231","media":"Reuters","summary":"Wall Street's three major indexes rallied to close over 2% on Monday as U.S. Treasury yields tumbled","content":"<html><head></head><body>Wall Street&#39;s three major indexes rallied to close over 2% on Monday as U.S. Treasury yields tumbled on weaker-than-expected manufacturing data, increasing the appeal of stocks at the start of the year&#39;s final quarter.<img src=\"https://static.tigerbbs.com/89f8cee3a8e5957b710079518887e561\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/>The U.S. stock market has suffered three quarterly declines in a row in a tumultuous year marked by interest rate hikes to tame historically high inflation, and concerns about a slowing economy.&#34;The U.S. yield markets (are) pulling back - that&#39;s been a positive ... and that connotes a more risk-on environment,&#34; said Art Hogan, chief market strategist at B. Riley Wealth in Boston.Further supporting rate-sensitive growth stocks, the benchmark U.S. 10-year Treasury yield fell after British Prime Minister Liz Truss was forced to reverse course on a tax cut for the highest rate.All 11 major S&amp;P 500 sectors advanced to positive territory, with energy being the biggest gainer.Oil majors Exxon Mobil Corp and Chevron Corp rose more than 5%, tracking a jump in crude prices as sources said the Organization of the Petroleum Exporting Countries and its allies are considering their biggest output cut since the start of the COVID-19 pandemic.Megacap growth and technology companies such as Apple Inc and Microsoft Corp rose over 3% respectively, while banks advanced 3%.Data showed manufacturing activity increased at its slowest pace in nearly 2-1/2 years in September as new orders contracted, likely as rising interest rates to tame inflation cooled demand for goods.The Institute for Supply Management said its manufacturing PMI dropped to 50.9 this month, missing estimates but still above 50, indicating growth.&#34;The economic data stream actually came in worse than expected. In a very counterintuitive fashion that likely represents good news for equity markets,&#34; said Hogan.&#34;(While) good economic data, strong readings had been a catalyst for selling, this is the first time we&#39;ve actually seen some negative news be a catalyst.&#34;All three major indexes ended a volatile third quarter lower on Friday on growing fears that the Federal Reserve&#39;s aggressive monetary policy will tip the economy into recession.The Dow Jones Industrial Average rose 765.38 points, or 2.66%, to 29,490.89; the S&amp;P 500 gained 92.81 points, or 2.59%, at 3,678.43; and the Nasdaq Composite added 239.82 points, or 2.27%, at 10,815.44.Volume on U.S. exchanges was 11.61 billion shares, compared with the 11.54 billion average for the full session over the last 20 trading days.Tesla Inc fell 8.6% after it sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due to logistic hurdles. Peers Lucid Group gained 0.9% and Rivian Automotive fell 3.1%.Major automakers are expected to report modest declines in U.S. new vehicle sales, but analysts and investors worry that a darkening economic picture, not inventory shortages, will lead to weaker car sales.Citigroup and Credit Suisse became the latest brokerages to lower 2022 year-end targets for the S&amp;P 500, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation.Credit Suisse also set a 2023 year-end price target for the benchmark index at 4,050 points, adding that 2023 would be a &#34;year of weak, non-recessionary growth and falling inflation.&#34;Advancing issues outnumbered decliners on the NYSE by a 5.04-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored advancers.The S&amp;P 500 posted one new 52-week high and 23 new lows; the Nasdaq Composite recorded 58 new highs and 282 new lows. (Reporting by Echo Wang in New York; Additional reporting by Ankika Biswas and Bansari Mayur Kamdar in Bengaluru; Editing by Anil D&#39;Silva, Arun Koyyur and Richard Chang)</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Closes With Sharp Gains As Final Quarter Begins</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Closes With Sharp Gains As Final Quarter Begins\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2022-10-04 07:00\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>Wall Street&#39;s three major indexes rallied to close over 2% on Monday as U.S. Treasury yields tumbled on weaker-than-expected manufacturing data, increasing the appeal of stocks at the start of the year&#39;s final quarter.<img src=\"https://static.tigerbbs.com/89f8cee3a8e5957b710079518887e561\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/>The U.S. stock market has suffered three quarterly declines in a row in a tumultuous year marked by interest rate hikes to tame historically high inflation, and concerns about a slowing economy.&#34;The U.S. yield markets (are) pulling back - that&#39;s been a positive ... and that connotes a more risk-on environment,&#34; said Art Hogan, chief market strategist at B. Riley Wealth in Boston.Further supporting rate-sensitive growth stocks, the benchmark U.S. 10-year Treasury yield fell after British Prime Minister Liz Truss was forced to reverse course on a tax cut for the highest rate.All 11 major S&amp;P 500 sectors advanced to positive territory, with energy being the biggest gainer.Oil majors Exxon Mobil Corp and Chevron Corp rose more than 5%, tracking a jump in crude prices as sources said the Organization of the Petroleum Exporting Countries and its allies are considering their biggest output cut since the start of the COVID-19 pandemic.Megacap growth and technology companies such as Apple Inc and Microsoft Corp rose over 3% respectively, while banks advanced 3%.Data showed manufacturing activity increased at its slowest pace in nearly 2-1/2 years in September as new orders contracted, likely as rising interest rates to tame inflation cooled demand for goods.The Institute for Supply Management said its manufacturing PMI dropped to 50.9 this month, missing estimates but still above 50, indicating growth.&#34;The economic data stream actually came in worse than expected. In a very counterintuitive fashion that likely represents good news for equity markets,&#34; said Hogan.&#34;(While) good economic data, strong readings had been a catalyst for selling, this is the first time we&#39;ve actually seen some negative news be a catalyst.&#34;All three major indexes ended a volatile third quarter lower on Friday on growing fears that the Federal Reserve&#39;s aggressive monetary policy will tip the economy into recession.The Dow Jones Industrial Average rose 765.38 points, or 2.66%, to 29,490.89; the S&amp;P 500 gained 92.81 points, or 2.59%, at 3,678.43; and the Nasdaq Composite added 239.82 points, or 2.27%, at 10,815.44.Volume on U.S. exchanges was 11.61 billion shares, compared with the 11.54 billion average for the full session over the last 20 trading days.Tesla Inc fell 8.6% after it sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due to logistic hurdles. Peers Lucid Group gained 0.9% and Rivian Automotive fell 3.1%.Major automakers are expected to report modest declines in U.S. new vehicle sales, but analysts and investors worry that a darkening economic picture, not inventory shortages, will lead to weaker car sales.Citigroup and Credit Suisse became the latest brokerages to lower 2022 year-end targets for the S&amp;P 500, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation.Credit Suisse also set a 2023 year-end price target for the benchmark index at 4,050 points, adding that 2023 would be a &#34;year of weak, non-recessionary growth and falling inflation.&#34;Advancing issues outnumbered decliners on the NYSE by a 5.04-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored advancers.The S&amp;P 500 posted one new 52-week high and 23 new lows; the Nasdaq Composite recorded 58 new highs and 282 new lows. (Reporting by Echo Wang in New York; Additional reporting by Ankika Biswas and Bansari Mayur Kamdar in Bengaluru; Editing by Anil D&#39;Silva, Arun Koyyur and Richard Chang)</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2272007231","content_text":"Wall Street's three major indexes rallied to close over 2% on Monday as U.S. Treasury yields tumbled on weaker-than-expected manufacturing data, increasing the appeal of stocks at the start of the year's final quarter.The U.S. stock market has suffered three quarterly declines in a row in a tumultuous year marked by interest rate hikes to tame historically high inflation, and concerns about a slowing economy.\"The U.S. yield markets (are) pulling back - that's been a positive ... and that connotes a more risk-on environment,\" said Art Hogan, chief market strategist at B. Riley Wealth in Boston.Further supporting rate-sensitive growth stocks, the benchmark U.S. 10-year Treasury yield fell after British Prime Minister Liz Truss was forced to reverse course on a tax cut for the highest rate.All 11 major S&P 500 sectors advanced to positive territory, with energy being the biggest gainer.Oil majors Exxon Mobil Corp and Chevron Corp rose more than 5%, tracking a jump in crude prices as sources said the Organization of the Petroleum Exporting Countries and its allies are considering their biggest output cut since the start of the COVID-19 pandemic.Megacap growth and technology companies such as Apple Inc and Microsoft Corp rose over 3% respectively, while banks advanced 3%.Data showed manufacturing activity increased at its slowest pace in nearly 2-1/2 years in September as new orders contracted, likely as rising interest rates to tame inflation cooled demand for goods.The Institute for Supply Management said its manufacturing PMI dropped to 50.9 this month, missing estimates but still above 50, indicating growth.\"The economic data stream actually came in worse than expected. In a very counterintuitive fashion that likely represents good news for equity markets,\" said Hogan.\"(While) good economic data, strong readings had been a catalyst for selling, this is the first time we've actually seen some negative news be a catalyst.\"All three major indexes ended a volatile third quarter lower on Friday on growing fears that the Federal Reserve's aggressive monetary policy will tip the economy into recession.The Dow Jones Industrial Average rose 765.38 points, or 2.66%, to 29,490.89; the S&P 500 gained 92.81 points, or 2.59%, at 3,678.43; and the Nasdaq Composite added 239.82 points, or 2.27%, at 10,815.44.Volume on U.S. exchanges was 11.61 billion shares, compared with the 11.54 billion average for the full session over the last 20 trading days.Tesla Inc fell 8.6% after it sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due to logistic hurdles. Peers Lucid Group gained 0.9% and Rivian Automotive fell 3.1%.Major automakers are expected to report modest declines in U.S. new vehicle sales, but analysts and investors worry that a darkening economic picture, not inventory shortages, will lead to weaker car sales.Citigroup and Credit Suisse became the latest brokerages to lower 2022 year-end targets for the S&P 500, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation.Credit Suisse also set a 2023 year-end price target for the benchmark index at 4,050 points, adding that 2023 would be a \"year of weak, non-recessionary growth and falling inflation.\"Advancing issues outnumbered decliners on the NYSE by a 5.04-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored advancers.The S&P 500 posted one new 52-week high and 23 new lows; the Nasdaq Composite recorded 58 new highs and 282 new lows. (Reporting by Echo Wang in New York; Additional reporting by Ankika Biswas and Bansari Mayur Kamdar in Bengaluru; Editing by Anil D'Silva, Arun Koyyur and Richard Chang)","news_type":1},"isVote":1,"tweetType":1,"viewCount":111,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":66,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":104208757,"commentId":"104208757","gmtCreate":1664848491885,"gmtModify":1664848495905,"authorId":3585374186568444,"author":{"id":3585374186568444,"idStr":"3585374186568444","authorId":3585374186568444,"name":"Shungou","avatar":"https://static.tigerbbs.com/f6e6be94f96866fa41be592e567fcacd","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 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sustainable","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104206759,"commentId":"104206759","gmtCreate":1664843780061,"gmtModify":1664843784160,"authorId":3582668988155006,"author":{"id":3582668988155006,"idStr":"3582668988155006","authorId":3582668988155006,"name":"MengKeng","avatar":"https://static.tigerbbs.com/daf999525f61ba41d3c13b0ed728eb77","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 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this","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104206436,"commentId":"104206436","gmtCreate":1664842916675,"gmtModify":1664842920772,"authorId":3557887424829909,"author":{"id":3557887424829909,"idStr":"3557887424829909","authorId":3557887424829909,"name":"aaffsmcjje","avatar":"https://static.tigerbbs.com/0fcb01cf792998a6ce47337ae22c20b9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9912261972,"objectIdStr":"9912261972","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Its going to get worse","text":"Its going to get worse","html":"Its going to get worse","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104207657,"commentId":"104207657","gmtCreate":1664846531059,"gmtModify":1664846539590,"authorId":4097058432007810,"author":{"id":4097058432007810,"idStr":"4097058432007810","authorId":4097058432007810,"name":"Shahfarid","avatar":"https://community-static.tradeup.com/news/1f2b82742973385f8cc959480d03504d","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9912261972,"objectIdStr":"9912261972","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Hopefully…","text":"Hopefully…","html":"Hopefully…","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9912261972"}