@deal2deal:U.S. stocks fell Wednesday, with the Dow industrials giving up gains to end the day down 28 points. There was excitement across the pond: British bond yields jumped early Wednesday, with some longer-dated debt flirting with 5%. But the Bank of England was in the market buying heavily, and yields receded in the afternoon. The Bank of England insists its bond-buying program will end Friday, despite calls for an extension. In the U.S., the minutes from the Fed's September meeting showed that officials remained concerned about inflation--and the effect of interest-rate increases. In the end, all three major indexes finished down. Investors were digesting producer-price data for September and some major earnings. PepsiCo rose after the beverage giant lifted its sales guidance again. Moderna sha
@AMDidass:$Apple(AAPL)$BullishBullishBullish1512 ET - Gleamin Inc., a California-based maker of skin-care products, filed for bankruptcy, blaming supply-chain disruptions and changes in iPhone software that hindered the effectiveness of its advertising on social media. The maker of products that include the Vitamin C Clay Mask has roughly $2.2M in liabilities. It filed for chapter 11 Wednesday in the US Bankruptcy Court in Wilmington, Del., becoming at least the second company this year to mention privacy changes affecting Facebook as a reason for trying to reorganize in Delaware. In June, software provider SanityDesk sought protection from creditors, saying its data gathering was reduced after Apple altered its iPhone software to
@pekss:I believe that the market has found strong support from the lows established in June. While the market will remain volatile especiallyas the next FOMC meeting approaches nextmonth, I'm cautiously optimistic that the inflation has peaked and the worst is behind us.I'm hopeful that the Fed will be able to contain the inflation while avoid triggering a hard-landing of the economy. Meanwhile, I continue to dollar-cost average into $SPDR S&P 500 ETF Trust(SPY)$, as I trust that the market will emerge stronger in the long-run.As for tech stocks, I've been slowly accumulating on $Apple(AAPL)$during recent market downturn. The company has strong fundamentals and hea
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