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2022-12-16

Tlow c 3v4u 1enforcement 2dddfvdvd de 3q$Meta Platforms, Inc.(META)$ tvz4/i $Meta Platforms, Inc.(META)$ 7

Wall Street Slumps As Fed Heightens Recession Fears

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3v4u 1enforcement 2dddfvdvd&nbsp; de 3q<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ &nbsp;</a>tvz4/i&nbsp;<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ &nbsp;</a>7","listText":"Tlow c&nbsp; 3v4u 1enforcement 2dddfvdvd&nbsp; de 3q<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ &nbsp;</a>tvz4/i&nbsp;<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ &nbsp;</a>7","text":"Tlow c 3v4u 1enforcement 2dddfvdvd de 3q$Meta Platforms, Inc.(META)$ tvz4/i $Meta Platforms, Inc.(META)$ 7","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9928078394","repostId":"2291181980","repostType":4,"repost":{"id":"2291181980","kind":"highlight","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":1671145016,"share":"https://ttm.financial/m/news/2291181980?lang=&edition=fundamental","pubTime":"2022-12-16 06:56","market":"us","language":"en","title":"Wall Street Slumps As Fed Heightens Recession Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=2291181980","media":"Reuters","summary":"* November retail sales decline, jobless claims decrease* BoE, ECB raise rates by 50 bps each, see p","content":"<html><head></head><body><p>* November retail sales decline, jobless claims decrease</p><p>* BoE, ECB raise rates by 50 bps each, see prolonged tightening</p><p>* Netflix down after viewership report</p><p>* Dow down 2.25%, S&amp;P 500 down 2.49%, Nasdaq down 3.23%</p><p><img src=\"https://community-static.tradeup.com/news/292b75a01bfa1418433ae442e83efe43\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Dec 15 (Reuters) - U.S. stock indexes closed sharply lower on Thursday, with each of the major averages suffering their biggest daily percentage drop in weeks, as fears intensified that the Federal Reserve&#39;s battle against inflation using aggressive interest rate hikes could lead to a recession.</p><p>The U.S. central bank hiked rates by 50 basis points (bps) on Wednesday as was widely expected, downsizing from the consecutive 75 bps hikes at its prior four meetings, but Fed Chair Jerome Powell warned recent signs of inflation were not enough to convince Fed the battle against rising prices had been won.</p><p>The Fed projected continued rate hikes to above 5% in 2023, a level not seen since a steep economic downturn in 2007.</p><p>&#34;It is not just what they did but what they said, and it certainly does seem like they are still worried about inflation and this is not going to be the end of the rate increases,&#34; said Melissa Brown, global head of applied research at Qontigo in New York.</p><p>&#34;It really is hard to see what is going to turn things back around until we start seeing more data - which could be earnings, which could be the next inflation print or the Fed statement next year. 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But the rally has fizzled in December as investors see mixed economic data and a resolute Fed as having increased the chances of a recession.</p><p>Money market participants expect at least two 25 bps rate hikes next year and borrowing costs to peak at about 4.9% by midyear, before falling to around 4.4% by the end of 2023.</p><p>Investors also assessed economic data on Thursday that showed a steeper-than-expected decline in retail sales in November and the number of Americans filing for unemployment benefits falling last week, indicating a tight labor market. 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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\">\nWall Street Slumps As Fed Heightens Recession Fears\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\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-16 06:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* November retail sales decline, jobless claims decrease</p><p>* BoE, ECB raise rates by 50 bps each, see prolonged tightening</p><p>* Netflix down after viewership report</p><p>* Dow down 2.25%, S&amp;P 500 down 2.49%, Nasdaq down 3.23%</p><p><img src=\"https://community-static.tradeup.com/news/292b75a01bfa1418433ae442e83efe43\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Dec 15 (Reuters) - U.S. stock indexes closed sharply lower on Thursday, with each of the major averages suffering their biggest daily percentage drop in weeks, as fears intensified that the Federal Reserve&#39;s battle against inflation using aggressive interest rate hikes could lead to a recession.</p><p>The U.S. central bank hiked rates by 50 basis points (bps) on Wednesday as was widely expected, downsizing from the consecutive 75 bps hikes at its prior four meetings, but Fed Chair Jerome Powell warned recent signs of inflation were not enough to convince Fed the battle against rising prices had been won.</p><p>The Fed projected continued rate hikes to above 5% in 2023, a level not seen since a steep economic downturn in 2007.</p><p>&#34;It is not just what they did but what they said, and it certainly does seem like they are still worried about inflation and this is not going to be the end of the rate increases,&#34; said Melissa Brown, global head of applied research at Qontigo in New York.</p><p>&#34;It really is hard to see what is going to turn things back around until we start seeing more data - which could be earnings, which could be the next inflation print or the Fed statement next year. The good news is it’s almost next year.&#34;</p><p>Adding to global recession worries, the Bank of England and the European Central Bank further indicated an extended hiking cycle on Thursday. Most major central banks have followed a rate hike strategy in an attempt to reign in inflation.</p><p>The Dow Jones Industrial Average fell 764.13 points, or 2.25%, to 33,202.22; the S&amp;P 500 lost 99.57 points, or 2.49%, to 3,895.75; and the Nasdaq Composite dropped 360.36 points, or 3.23%, to 10,810.53.</p><p>The declines marked the biggest one-day percentage drops for the S&amp;P and Nasdaq since Nov. 2, and largest for the Dow since Sept. 13. Each closed at its lowest level since Nov. 9.</p><p>Equities have rallied since hitting lows for the year in mid-October, as signs of cooling inflation sparked optimism that the end of the Fed&#39;s rate hike path could be on the horizon. But the rally has fizzled in December as investors see mixed economic data and a resolute Fed as having increased the chances of a recession.</p><p>Money market participants expect at least two 25 bps rate hikes next year and borrowing costs to peak at about 4.9% by midyear, before falling to around 4.4% by the end of 2023.</p><p>Investors also assessed economic data on Thursday that showed a steeper-than-expected decline in retail sales in November and the number of Americans filing for unemployment benefits falling last week, indicating a tight labor market. The labor market will need to weaken in order to help inflation ease.</p><p>All the 11 major S&amp;P 500 sectors were in the red, with communication services and technology stocks falling nearly 4% as the worst performing on the session.</p><p>Netflix Inc slumped 8.63% after a media report that the company would let its advertisers take their money back after missing viewership targets.</p><p>Nvidia Corp dropped 4.09% after HSBC Global Research began coverage of the chipmaker&#39;s stock with a &#34;reduce&#34; rating.</p><p>Volume on U.S. exchanges was 12.15 billion shares, compared with the 10.63 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.36-to-1 ratio; on Nasdaq, a 2.81-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted two new 52-week highs and seven new lows; the Nasdaq Composite recorded 66 new highs and 334 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","BK4079":"房地产服务","BK4504":"桥水持仓","BK4581":"高盛持仓",".SPX":"S&P 500 Index","BK4548":"巴美列捷福持仓","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","NFLX":"奈飞","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4539":"次新股","BK4532":"文艺复兴科技持仓","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4108":"电影和娱乐","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4585":"ETF&股票定投概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4566":"资本集团","BK4524":"宅经济概念","BK4559":"巴菲特持仓","BK4527":"明星科技股","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","NVDA":"英伟达","BK4550":"红杉资本持仓","LU1046421795.USD":"富达环球科技A-ACC","BK4551":"寇图资本持仓",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2291181980","content_text":"* November retail sales decline, jobless claims decrease* BoE, ECB raise rates by 50 bps each, see prolonged tightening* Netflix down after viewership report* Dow down 2.25%, S&P 500 down 2.49%, Nasdaq down 3.23%NEW YORK, Dec 15 (Reuters) - U.S. stock indexes closed sharply lower on Thursday, with each of the major averages suffering their biggest daily percentage drop in weeks, as fears intensified that the Federal Reserve's battle against inflation using aggressive interest rate hikes could lead to a recession.The U.S. central bank hiked rates by 50 basis points (bps) on Wednesday as was widely expected, downsizing from the consecutive 75 bps hikes at its prior four meetings, but Fed Chair Jerome Powell warned recent signs of inflation were not enough to convince Fed the battle against rising prices had been won.The Fed projected continued rate hikes to above 5% in 2023, a level not seen since a steep economic downturn in 2007.\"It is not just what they did but what they said, and it certainly does seem like they are still worried about inflation and this is not going to be the end of the rate increases,\" said Melissa Brown, global head of applied research at Qontigo in New York.\"It really is hard to see what is going to turn things back around until we start seeing more data - which could be earnings, which could be the next inflation print or the Fed statement next year. The good news is it’s almost next year.\"Adding to global recession worries, the Bank of England and the European Central Bank further indicated an extended hiking cycle on Thursday. Most major central banks have followed a rate hike strategy in an attempt to reign in inflation.The Dow Jones Industrial Average fell 764.13 points, or 2.25%, to 33,202.22; the S&P 500 lost 99.57 points, or 2.49%, to 3,895.75; and the Nasdaq Composite dropped 360.36 points, or 3.23%, to 10,810.53.The declines marked the biggest one-day percentage drops for the S&P and Nasdaq since Nov. 2, and largest for the Dow since Sept. 13. Each closed at its lowest level since Nov. 9.Equities have rallied since hitting lows for the year in mid-October, as signs of cooling inflation sparked optimism that the end of the Fed's rate hike path could be on the horizon. But the rally has fizzled in December as investors see mixed economic data and a resolute Fed as having increased the chances of a recession.Money market participants expect at least two 25 bps rate hikes next year and borrowing costs to peak at about 4.9% by midyear, before falling to around 4.4% by the end of 2023.Investors also assessed economic data on Thursday that showed a steeper-than-expected decline in retail sales in November and the number of Americans filing for unemployment benefits falling last week, indicating a tight labor market. The labor market will need to weaken in order to help inflation ease.All the 11 major S&P 500 sectors were in the red, with communication services and technology stocks falling nearly 4% as the worst performing on the session.Netflix Inc slumped 8.63% after a media report that the company would let its advertisers take their money back after missing viewership targets.Nvidia Corp dropped 4.09% after HSBC Global Research began coverage of the chipmaker's stock with a \"reduce\" rating.Volume on U.S. exchanges was 12.15 billion shares, compared with the 10.63 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 4.36-to-1 ratio; on Nasdaq, a 2.81-to-1 ratio favored decliners.The S&P 500 posted two new 52-week highs and seven new lows; the Nasdaq Composite recorded 66 new highs and 334 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":473,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3479274789744393","authorId":"3479274789744393","name":"extractoi","avatar":"https://static.tigerbbs.com/d051d261da8127d971fe6c05affb8562","crmLevel":1,"crmLevelSwitch":0,"idStr":"3479274789744393","authorIdStr":"3479274789744393"},"content":"Now down a mere pittance. I hope I have the chance to average down at $90 again. But that time has come and past","text":"Now down a mere pittance. I hope I have the chance to average down at $90 again. But that time has come and past","html":"Now down a mere pittance. I hope I have the chance to average down at $90 again. But that time has come and past"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9928078394,"gmtCreate":1671156844619,"gmtModify":1676538500762,"author":{"id":"4087689360448790","authorId":"4087689360448790","name":"LennardPang","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087689360448790","idStr":"4087689360448790"},"themes":[],"htmlText":"Tlow c&nbsp; 3v4u 1enforcement 2dddfvdvd&nbsp; de 3q<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ &nbsp;</a>tvz4/i&nbsp;<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ &nbsp;</a>7","listText":"Tlow c&nbsp; 3v4u 1enforcement 2dddfvdvd&nbsp; de 3q<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ &nbsp;</a>tvz4/i&nbsp;<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ &nbsp;</a>7","text":"Tlow c 3v4u 1enforcement 2dddfvdvd de 3q$Meta Platforms, Inc.(META)$ tvz4/i $Meta Platforms, Inc.(META)$ 7","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9928078394","repostId":"2291181980","repostType":4,"repost":{"id":"2291181980","kind":"highlight","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":1671145016,"share":"https://ttm.financial/m/news/2291181980?lang=&edition=fundamental","pubTime":"2022-12-16 06:56","market":"us","language":"en","title":"Wall Street Slumps As Fed Heightens Recession Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=2291181980","media":"Reuters","summary":"* November retail sales decline, jobless claims decrease* BoE, ECB raise rates by 50 bps each, see p","content":"<html><head></head><body><p>* November retail sales decline, jobless claims decrease</p><p>* BoE, ECB raise rates by 50 bps each, see prolonged tightening</p><p>* Netflix down after viewership report</p><p>* Dow down 2.25%, S&amp;P 500 down 2.49%, Nasdaq down 3.23%</p><p><img src=\"https://community-static.tradeup.com/news/292b75a01bfa1418433ae442e83efe43\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Dec 15 (Reuters) - U.S. stock indexes closed sharply lower on Thursday, with each of the major averages suffering their biggest daily percentage drop in weeks, as fears intensified that the Federal Reserve&#39;s battle against inflation using aggressive interest rate hikes could lead to a recession.</p><p>The U.S. central bank hiked rates by 50 basis points (bps) on Wednesday as was widely expected, downsizing from the consecutive 75 bps hikes at its prior four meetings, but Fed Chair Jerome Powell warned recent signs of inflation were not enough to convince Fed the battle against rising prices had been won.</p><p>The Fed projected continued rate hikes to above 5% in 2023, a level not seen since a steep economic downturn in 2007.</p><p>&#34;It is not just what they did but what they said, and it certainly does seem like they are still worried about inflation and this is not going to be the end of the rate increases,&#34; said Melissa Brown, global head of applied research at Qontigo in New York.</p><p>&#34;It really is hard to see what is going to turn things back around until we start seeing more data - which could be earnings, which could be the next inflation print or the Fed statement next year. The good news is it’s almost next year.&#34;</p><p>Adding to global recession worries, the Bank of England and the European Central Bank further indicated an extended hiking cycle on Thursday. Most major central banks have followed a rate hike strategy in an attempt to reign in inflation.</p><p>The Dow Jones Industrial Average fell 764.13 points, or 2.25%, to 33,202.22; the S&amp;P 500 lost 99.57 points, or 2.49%, to 3,895.75; and the Nasdaq Composite dropped 360.36 points, or 3.23%, to 10,810.53.</p><p>The declines marked the biggest one-day percentage drops for the S&amp;P and Nasdaq since Nov. 2, and largest for the Dow since Sept. 13. Each closed at its lowest level since Nov. 9.</p><p>Equities have rallied since hitting lows for the year in mid-October, as signs of cooling inflation sparked optimism that the end of the Fed&#39;s rate hike path could be on the horizon. But the rally has fizzled in December as investors see mixed economic data and a resolute Fed as having increased the chances of a recession.</p><p>Money market participants expect at least two 25 bps rate hikes next year and borrowing costs to peak at about 4.9% by midyear, before falling to around 4.4% by the end of 2023.</p><p>Investors also assessed economic data on Thursday that showed a steeper-than-expected decline in retail sales in November and the number of Americans filing for unemployment benefits falling last week, indicating a tight labor market. The labor market will need to weaken in order to help inflation ease.</p><p>All the 11 major S&amp;P 500 sectors were in the red, with communication services and technology stocks falling nearly 4% as the worst performing on the session.</p><p>Netflix Inc slumped 8.63% after a media report that the company would let its advertisers take their money back after missing viewership targets.</p><p>Nvidia Corp dropped 4.09% after HSBC Global Research began coverage of the chipmaker&#39;s stock with a &#34;reduce&#34; rating.</p><p>Volume on U.S. exchanges was 12.15 billion shares, compared with the 10.63 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.36-to-1 ratio; on Nasdaq, a 2.81-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted two new 52-week highs and seven new lows; the Nasdaq Composite recorded 66 new highs and 334 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nWall Street Slumps As Fed Heightens Recession Fears\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\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-16 06:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* November retail sales decline, jobless claims decrease</p><p>* BoE, ECB raise rates by 50 bps each, see prolonged tightening</p><p>* Netflix down after viewership report</p><p>* Dow down 2.25%, S&amp;P 500 down 2.49%, Nasdaq down 3.23%</p><p><img src=\"https://community-static.tradeup.com/news/292b75a01bfa1418433ae442e83efe43\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>NEW YORK, Dec 15 (Reuters) - U.S. stock indexes closed sharply lower on Thursday, with each of the major averages suffering their biggest daily percentage drop in weeks, as fears intensified that the Federal Reserve&#39;s battle against inflation using aggressive interest rate hikes could lead to a recession.</p><p>The U.S. central bank hiked rates by 50 basis points (bps) on Wednesday as was widely expected, downsizing from the consecutive 75 bps hikes at its prior four meetings, but Fed Chair Jerome Powell warned recent signs of inflation were not enough to convince Fed the battle against rising prices had been won.</p><p>The Fed projected continued rate hikes to above 5% in 2023, a level not seen since a steep economic downturn in 2007.</p><p>&#34;It is not just what they did but what they said, and it certainly does seem like they are still worried about inflation and this is not going to be the end of the rate increases,&#34; said Melissa Brown, global head of applied research at Qontigo in New York.</p><p>&#34;It really is hard to see what is going to turn things back around until we start seeing more data - which could be earnings, which could be the next inflation print or the Fed statement next year. The good news is it’s almost next year.&#34;</p><p>Adding to global recession worries, the Bank of England and the European Central Bank further indicated an extended hiking cycle on Thursday. Most major central banks have followed a rate hike strategy in an attempt to reign in inflation.</p><p>The Dow Jones Industrial Average fell 764.13 points, or 2.25%, to 33,202.22; the S&amp;P 500 lost 99.57 points, or 2.49%, to 3,895.75; and the Nasdaq Composite dropped 360.36 points, or 3.23%, to 10,810.53.</p><p>The declines marked the biggest one-day percentage drops for the S&amp;P and Nasdaq since Nov. 2, and largest for the Dow since Sept. 13. Each closed at its lowest level since Nov. 9.</p><p>Equities have rallied since hitting lows for the year in mid-October, as signs of cooling inflation sparked optimism that the end of the Fed&#39;s rate hike path could be on the horizon. But the rally has fizzled in December as investors see mixed economic data and a resolute Fed as having increased the chances of a recession.</p><p>Money market participants expect at least two 25 bps rate hikes next year and borrowing costs to peak at about 4.9% by midyear, before falling to around 4.4% by the end of 2023.</p><p>Investors also assessed economic data on Thursday that showed a steeper-than-expected decline in retail sales in November and the number of Americans filing for unemployment benefits falling last week, indicating a tight labor market. The labor market will need to weaken in order to help inflation ease.</p><p>All the 11 major S&amp;P 500 sectors were in the red, with communication services and technology stocks falling nearly 4% as the worst performing on the session.</p><p>Netflix Inc slumped 8.63% after a media report that the company would let its advertisers take their money back after missing viewership targets.</p><p>Nvidia Corp dropped 4.09% after HSBC Global Research began coverage of the chipmaker&#39;s stock with a &#34;reduce&#34; rating.</p><p>Volume on U.S. exchanges was 12.15 billion shares, compared with the 10.63 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.36-to-1 ratio; on Nasdaq, a 2.81-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted two new 52-week highs and seven new lows; the Nasdaq Composite recorded 66 new highs and 334 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","BK4079":"房地产服务","BK4504":"桥水持仓","BK4581":"高盛持仓",".SPX":"S&P 500 Index","BK4548":"巴美列捷福持仓","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","NFLX":"奈飞","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4539":"次新股","BK4532":"文艺复兴科技持仓","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4108":"电影和娱乐","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4585":"ETF&股票定投概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4566":"资本集团","BK4524":"宅经济概念","BK4559":"巴菲特持仓","BK4527":"明星科技股","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","NVDA":"英伟达","BK4550":"红杉资本持仓","LU1046421795.USD":"富达环球科技A-ACC","BK4551":"寇图资本持仓",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2291181980","content_text":"* November retail sales decline, jobless claims decrease* BoE, ECB raise rates by 50 bps each, see prolonged tightening* Netflix down after viewership report* Dow down 2.25%, S&P 500 down 2.49%, Nasdaq down 3.23%NEW YORK, Dec 15 (Reuters) - U.S. stock indexes closed sharply lower on Thursday, with each of the major averages suffering their biggest daily percentage drop in weeks, as fears intensified that the Federal Reserve's battle against inflation using aggressive interest rate hikes could lead to a recession.The U.S. central bank hiked rates by 50 basis points (bps) on Wednesday as was widely expected, downsizing from the consecutive 75 bps hikes at its prior four meetings, but Fed Chair Jerome Powell warned recent signs of inflation were not enough to convince Fed the battle against rising prices had been won.The Fed projected continued rate hikes to above 5% in 2023, a level not seen since a steep economic downturn in 2007.\"It is not just what they did but what they said, and it certainly does seem like they are still worried about inflation and this is not going to be the end of the rate increases,\" said Melissa Brown, global head of applied research at Qontigo in New York.\"It really is hard to see what is going to turn things back around until we start seeing more data - which could be earnings, which could be the next inflation print or the Fed statement next year. The good news is it’s almost next year.\"Adding to global recession worries, the Bank of England and the European Central Bank further indicated an extended hiking cycle on Thursday. Most major central banks have followed a rate hike strategy in an attempt to reign in inflation.The Dow Jones Industrial Average fell 764.13 points, or 2.25%, to 33,202.22; the S&P 500 lost 99.57 points, or 2.49%, to 3,895.75; and the Nasdaq Composite dropped 360.36 points, or 3.23%, to 10,810.53.The declines marked the biggest one-day percentage drops for the S&P and Nasdaq since Nov. 2, and largest for the Dow since Sept. 13. Each closed at its lowest level since Nov. 9.Equities have rallied since hitting lows for the year in mid-October, as signs of cooling inflation sparked optimism that the end of the Fed's rate hike path could be on the horizon. But the rally has fizzled in December as investors see mixed economic data and a resolute Fed as having increased the chances of a recession.Money market participants expect at least two 25 bps rate hikes next year and borrowing costs to peak at about 4.9% by midyear, before falling to around 4.4% by the end of 2023.Investors also assessed economic data on Thursday that showed a steeper-than-expected decline in retail sales in November and the number of Americans filing for unemployment benefits falling last week, indicating a tight labor market. The labor market will need to weaken in order to help inflation ease.All the 11 major S&P 500 sectors were in the red, with communication services and technology stocks falling nearly 4% as the worst performing on the session.Netflix Inc slumped 8.63% after a media report that the company would let its advertisers take their money back after missing viewership targets.Nvidia Corp dropped 4.09% after HSBC Global Research began coverage of the chipmaker's stock with a \"reduce\" rating.Volume on U.S. exchanges was 12.15 billion shares, compared with the 10.63 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 4.36-to-1 ratio; on Nasdaq, a 2.81-to-1 ratio favored decliners.The S&P 500 posted two new 52-week highs and seven new lows; the Nasdaq Composite recorded 66 new highs and 334 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":473,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3479274789744393","authorId":"3479274789744393","name":"extractoi","avatar":"https://static.tigerbbs.com/d051d261da8127d971fe6c05affb8562","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3479274789744393","idStr":"3479274789744393"},"content":"Now down a mere pittance. I hope I have the chance to average down at $90 again. But that time has come and past","text":"Now down a mere pittance. I hope I have the chance to average down at $90 again. But that time has come and past","html":"Now down a mere pittance. I hope I have the chance to average down at $90 again. But that time has come and past"}],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}