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- JenzzJenzz
  ·2022-05-24
  Great ariticle, would you like to share it?
  The Top 50 Richest People Have Lost More Than Half a Trillion Dollars This Year
  The wealth of Elon Musk, Jeff Bezos, Bill Gates and others was hit as stock market flirts with first
  The Top 50 Richest People Have Lost More Than Half a Trillion Dollars This Year
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- JenzzJenzz
  ·2021-09-23
  $NIO Inc.(NIO)$+++
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- JenzzJenzz
  ·2021-09-23
  I see
  Fed in focus today with taper talk and new dot plot engrossing Wall Street
  The Federal Reserve takes center stage, but the decision could well be a dud for a market that's bee
  Fed in focus today with taper talk and new dot plot engrossing Wall Street
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- JenzzJenzz
  ·2021-09-23
  $NIO Inc.(NIO)$+++
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- JenzzJenzz
  ·2021-09-18
  $NIO Inc.(NIO)$+++
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- JenzzJenzz
  ·2021-09-17
  I see
  Stocks fall slightly as investors brace for more September volatility
  Stocks edged lower on Friday as investors remain cautious due to a resurgent Covid virus, a Federal
  Stocks fall slightly as investors brace for more September volatility
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- JenzzJenzz
  ·2021-09-15
  $Tesla Motors(TSLA)$???
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- JenzzJenzz
  ·2021-09-15
  +++$$$$
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- JenzzJenzz
  ·2021-09-15
  I see
  U.S. stocks close lower on worries over recovery, corporate tax hikes
  NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing
  U.S. stocks close lower on worries over recovery, corporate tax hikes
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- JenzzJenzz
  ·2021-09-15
  I see
  U.S. stocks close lower on worries over recovery, corporate tax hikes
  NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing
  U.S. stocks close lower on worries over recovery, corporate tax hikes
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Jones","summary":"The wealth of Elon Musk, Jeff Bezos, Bill Gates and others was hit as stock market flirts with first","content":"<html><head></head><body><ul><li>The wealth of Elon Musk, Jeff Bezos, Bill Gates and others was hit as stock market flirts with first bear market since the beginning of the pandemic</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4977a7456e67365407c871673c734fb2\" tg-width=\"860\" tg-height=\"573\" referrerpolicy=\"no-referrer\"/><span>Jeff Bezos, Bill Gates and Elon Musk have each seen their wealth decline as a monthslong selloff in the stock market has picked up speed. PHOTO: GETTY IMAGES (2), ASSOCIATED PRESS</span></p><p>The top 50 richest people in the world have lost more than half a trillion dollars on paper this year, a stunning loss of wealth that exceeds the gross domestic product of Sweden and is greater than the market caps of all but six companies in the S&amp;P 500.</p><p>The 50 wealthiest people, which include Elon Musk, Jeff Bezos, Bill Gates and Warren Buffett, have had a combined $563 billion in net worth evaporate this year through May 22, according to the Bloomberg Billionaires Index, a ranking updated daily of the richest people in the world. The drop comes as the stock market flirts with its first bear market since the beginning of the pandemic.</p><p>Mr. Musk, Tesla Inc.&#39;s chief executive and the world&#39;s richest man, currently has a net worth of $201 billion. On paper, he has lost $69.1 billion so far this year, the most of any billionaire currently on the top 50 list, according to the index. He is in the midst of buying social-media company <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> Inc. for $44 billion, a deal that he has said is on hold.</p><p>Amazon.com Inc. founder Jeff Bezos&#39;s net worth has fallen by $61.1 billion and Bernard Arnault, France&#39;s wealthiest man and chief executive of LVMH Moët Hennessy Louis Vuitton SE, has had $55.2 billion in wealth erased. Mr. Bezos still has a net worth of $131 billion and Mr. Arnault is worth $123 billion.</p><p>Microsoft Corp. co-founder Bill Gates is currently worth $116 billion but has lost $21.7 billion in wealth this year. Berkshire Hathaway Inc.&#39;s Warren Buffett rounds out the top five with a net worth of $110 billion. Unlike the four people richer than him, his net worth has risen this year by $1.2 billion. The Bloomberg Billionaires Index measures personal wealth based on changes in markets, the economy and other reporting.</p><p>The losses for the billionaires come as a monthslong selloff in the stock market has picked up speed and has begun spreading beyond technology shares. Consumer-staples companies, which had dodged most of the damage, have started taking losses. For the year, the S&amp;P 500 has fallen about 18%, while the Nasdaq Composite has dropped 28%.</p><p>Other notable people who have had sharp declines include <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> Inc. founder and Chief Executive Mark Zuckerberg, who has seen a $54.1 billion loss this year. Google co-founder Larry Page has lost $29 billion. Changpeng Zhao, founder of cryptocurrency exchange Binance, now ranks 113th on the list after losing $80.9 billion so far this year, the most of any individual that the Bloomberg Billionaires Index tracks. His drop comes as cryptocurrencies have also been hard hit over the past few months.</p><p>The stock market slide also reversed the gains the world&#39;s wealthiest people saw during the start of the pandemic when a billionaire was created every 30 hours, according to a new report released Monday by antipoverty group Oxfam International. The number of billionaires in the world increased by 573 from March 2020 to March 2022, raising the globe&#39;s grand total to 2,668, according to the report.</p><p>The collective wealth of billionaires rose more during the first two years of the pandemic than they did between the collective years between 1987 and 2010, according to the report. And the total wealth of the world&#39;s billionaires is now equivalent to 13.9% of global GDP, a threefold increase from 2000.</p></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>The Top 50 Richest People Have Lost More Than Half a Trillion Dollars This Year</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\">\nThe Top 50 Richest People Have Lost More Than Half a Trillion Dollars This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-24 15:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>The wealth of Elon Musk, Jeff Bezos, Bill Gates and others was hit as stock market flirts with first bear market since the beginning of the pandemic</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4977a7456e67365407c871673c734fb2\" tg-width=\"860\" tg-height=\"573\" referrerpolicy=\"no-referrer\"/><span>Jeff Bezos, Bill Gates and Elon Musk have each seen their wealth decline as a monthslong selloff in the stock market has picked up speed. PHOTO: GETTY IMAGES (2), ASSOCIATED PRESS</span></p><p>The top 50 richest people in the world have lost more than half a trillion dollars on paper this year, a stunning loss of wealth that exceeds the gross domestic product of Sweden and is greater than the market caps of all but six companies in the S&amp;P 500.</p><p>The 50 wealthiest people, which include Elon Musk, Jeff Bezos, Bill Gates and Warren Buffett, have had a combined $563 billion in net worth evaporate this year through May 22, according to the Bloomberg Billionaires Index, a ranking updated daily of the richest people in the world. The drop comes as the stock market flirts with its first bear market since the beginning of the pandemic.</p><p>Mr. Musk, Tesla Inc.&#39;s chief executive and the world&#39;s richest man, currently has a net worth of $201 billion. On paper, he has lost $69.1 billion so far this year, the most of any billionaire currently on the top 50 list, according to the index. He is in the midst of buying social-media company <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> Inc. for $44 billion, a deal that he has said is on hold.</p><p>Amazon.com Inc. founder Jeff Bezos&#39;s net worth has fallen by $61.1 billion and Bernard Arnault, France&#39;s wealthiest man and chief executive of LVMH Moët Hennessy Louis Vuitton SE, has had $55.2 billion in wealth erased. Mr. Bezos still has a net worth of $131 billion and Mr. Arnault is worth $123 billion.</p><p>Microsoft Corp. co-founder Bill Gates is currently worth $116 billion but has lost $21.7 billion in wealth this year. Berkshire Hathaway Inc.&#39;s Warren Buffett rounds out the top five with a net worth of $110 billion. Unlike the four people richer than him, his net worth has risen this year by $1.2 billion. The Bloomberg Billionaires Index measures personal wealth based on changes in markets, the economy and other reporting.</p><p>The losses for the billionaires come as a monthslong selloff in the stock market has picked up speed and has begun spreading beyond technology shares. Consumer-staples companies, which had dodged most of the damage, have started taking losses. For the year, the S&amp;P 500 has fallen about 18%, while the Nasdaq Composite has dropped 28%.</p><p>Other notable people who have had sharp declines include <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> Inc. founder and Chief Executive Mark Zuckerberg, who has seen a $54.1 billion loss this year. Google co-founder Larry Page has lost $29 billion. Changpeng Zhao, founder of cryptocurrency exchange Binance, now ranks 113th on the list after losing $80.9 billion so far this year, the most of any individual that the Bloomberg Billionaires Index tracks. His drop comes as cryptocurrencies have also been hard hit over the past few months.</p><p>The stock market slide also reversed the gains the world&#39;s wealthiest people saw during the start of the pandemic when a billionaire was created every 30 hours, according to a new report released Monday by antipoverty group Oxfam International. The number of billionaires in the world increased by 573 from March 2020 to March 2022, raising the globe&#39;s grand total to 2,668, according to the report.</p><p>The collective wealth of billionaires rose more during the first two years of the pandemic than they did between the collective years between 1987 and 2010, according to the report. And the total wealth of the world&#39;s billionaires is now equivalent to 13.9% of global GDP, a threefold increase from 2000.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","TWTR":"Twitter","GOOGL":"谷歌A","AMZN":"亚马逊","TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2237358828","content_text":"The wealth of Elon Musk, Jeff Bezos, Bill Gates and others was hit as stock market flirts with first bear market since the beginning of the pandemicJeff Bezos, Bill Gates and Elon Musk have each seen their wealth decline as a monthslong selloff in the stock market has picked up speed. PHOTO: GETTY IMAGES (2), ASSOCIATED PRESSThe top 50 richest people in the world have lost more than half a trillion dollars on paper this year, a stunning loss of wealth that exceeds the gross domestic product of Sweden and is greater than the market caps of all but six companies in the S&P 500.The 50 wealthiest people, which include Elon Musk, Jeff Bezos, Bill Gates and Warren Buffett, have had a combined $563 billion in net worth evaporate this year through May 22, according to the Bloomberg Billionaires Index, a ranking updated daily of the richest people in the world. The drop comes as the stock market flirts with its first bear market since the beginning of the pandemic.Mr. Musk, Tesla Inc.'s chief executive and the world's richest man, currently has a net worth of $201 billion. On paper, he has lost $69.1 billion so far this year, the most of any billionaire currently on the top 50 list, according to the index. He is in the midst of buying social-media company Twitter Inc. for $44 billion, a deal that he has said is on hold.Amazon.com Inc. founder Jeff Bezos's net worth has fallen by $61.1 billion and Bernard Arnault, France's wealthiest man and chief executive of LVMH Moët Hennessy Louis Vuitton SE, has had $55.2 billion in wealth erased. Mr. Bezos still has a net worth of $131 billion and Mr. Arnault is worth $123 billion.Microsoft Corp. co-founder Bill Gates is currently worth $116 billion but has lost $21.7 billion in wealth this year. Berkshire Hathaway Inc.'s Warren Buffett rounds out the top five with a net worth of $110 billion. Unlike the four people richer than him, his net worth has risen this year by $1.2 billion. The Bloomberg Billionaires Index measures personal wealth based on changes in markets, the economy and other reporting.The losses for the billionaires come as a monthslong selloff in the stock market has picked up speed and has begun spreading beyond technology shares. Consumer-staples companies, which had dodged most of the damage, have started taking losses. For the year, the S&P 500 has fallen about 18%, while the Nasdaq Composite has dropped 28%.Other notable people who have had sharp declines include Meta Platforms Inc. founder and Chief Executive Mark Zuckerberg, who has seen a $54.1 billion loss this year. Google co-founder Larry Page has lost $29 billion. Changpeng Zhao, founder of cryptocurrency exchange Binance, now ranks 113th on the list after losing $80.9 billion so far this year, the most of any individual that the Bloomberg Billionaires Index tracks. His drop comes as cryptocurrencies have also been hard hit over the past few months.The stock market slide also reversed the gains the world's wealthiest people saw during the start of the pandemic when a billionaire was created every 30 hours, according to a new report released Monday by antipoverty group Oxfam International. The number of billionaires in the world increased by 573 from March 2020 to March 2022, raising the globe's grand total to 2,668, according to the report.The collective wealth of billionaires rose more during the first two years of the pandemic than they did between the collective years between 1987 and 2010, according to the report. And the total wealth of the world's billionaires is now equivalent to 13.9% of global GDP, a threefold increase from 2000.","news_type":1},"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863282558,"gmtCreate":1632398438274,"gmtModify":1676530772331,"author":{"id":"4087563168489330","authorId":"4087563168489330","name":"Jenzz","avatar":"https://static.tigerbbs.com/b8283ea42969e182a0949b2ff49d647d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087563168489330","authorIdStr":"4087563168489330"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>+++","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>+++","text":"$NIO Inc.(NIO)$+++","images":[{"img":"https://static.tigerbbs.com/dffab9ab80c8c17eaca2bede7202c984","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863282558","isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":863099162,"gmtCreate":1632326839156,"gmtModify":1676530754880,"author":{"id":"4087563168489330","authorId":"4087563168489330","name":"Jenzz","avatar":"https://static.tigerbbs.com/b8283ea42969e182a0949b2ff49d647d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087563168489330","authorIdStr":"4087563168489330"},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863099162","repostId":"1146187405","repostType":4,"repost":{"id":"1146187405","kind":"news","pubTimestamp":1632303895,"share":"https://ttm.financial/m/news/1146187405?lang=&edition=fundamental","pubTime":"2021-09-22 17:44","market":"us","language":"en","title":"Fed in focus today with taper talk and new dot plot engrossing Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1146187405","media":"seekingalpha","summary":"The Federal Reserve takes center stage, but the decision could well be a dud for a market that's bee","content":"<p>The Federal Reserve takes center stage, but the decision could well be a dud for a market that's been hyping up big macro events lately.</p>\n<p>This is certainly the most important FOMC meeting since, well, the last FOMC meeting. But if Chairman Jay Powell and company avoid taper talk and keep rate forecasts steady, Wall Street could shrug it off, like recent jobs and inflation reports.</p>\n<p>While nobody expects a rate hike when the statement arrives, there'scertainly a lot for the Fed to consider.</p>\n<p>\"Fed has to navigate desire to taper asset purchases through land mine of uncertainties about the economy and the risks posed by variants, debt ceiling politics, China &amp; inflation,\" Diane Swonk, chief economist at Grant Thornton, tweeted yesterday.</p>\n<p>Stock index futures are higher after dip-buying faded yesterday and the broader market closed lower again. The 10-year Treasury yield is up 1 basis point to 1.33%.</p>\n<p>There is some speculation that the recent market selloff, with the S&amp;P looking at itsworst monthly performance in a year, could make Fed members gun-shy about a hawkish tilt. But Renaissance Macro Research says the current selloff is \"not even close to having the Fed shift course.\"</p>\n<p>The \"S&amp;P 500(SP500)(NYSEARCA:SPY)is basically flat since the Fed’s July 28 confab,\" RenMac tweets. \"When we think about the last few times China was the source of the concern 2015/2016, the US equity decline was far more pronounced.\"</p>\n<p><img src=\"https://static.tigerbbs.com/2738fa67abd11035dbb2f2a638f54918\" tg-width=\"1012\" tg-height=\"506\" width=\"100%\" height=\"auto\"></p>\n<p><b>Asset purchase tapering.</b>Calls for the Fed to trim its $120B per month in asset purchases are growing as inflation heats up. But the consensus is that there will be no official announcement today.</p>\n<p>Two-thirds of 52 economists surveyed by Bloomberg expect a November announcement, with more than half expecting the Fed to start the taper in December.</p>\n<p>Still, Powell has been adamant he will give ample notice for any moves.</p>\n<p>The August jobs report gave \"the doves on the Federal Reserve’s board, essentially where we think the Chair resides today, some fodder for postponing a tapering of the QE asset purchase program, though we think this would be a mistake,\" BlackRock's Rick Rieder writes. \"Yet, we do believe that we will learn more details in September from the FOMC meeting, relative to what the Fed’s schedule for tapering will be.\"</p>\n<p>A change in the wording of the statement may be where the market gets that signal.</p>\n<p>\"Expect the Fed to put off until November any announcement on slowing its $120 billion a month in asset purchases,\" economist Joseph Brusuelas writes in hisReal Economy Blog. \"If the Fed signals any change, expect different language in the third paragraph of its statement, where the committee may update the risk to the outlook as balanced, which may signal tapering before the end of the year.\"</p>\n<p>\"In 2013, before its previous round of tapering, the Fed used its statement to signal coming policy action, so it may choose to take that approach this week.\"</p>\n<p>Mohamed El-Erian saysthe Fed needs to act as the window to tapering is closing.</p>\n<p><b>Dissecting the dot plot:</b>The latest dot plot chart of Fed member interest rate projections, which caused a stir last time, will also be closely watched, much to the chagrin of Powell.</p>\n<p>The \"sole purpose\" of the \"fabled dot plot ... is to increase confusion and misunderstanding in financial markets,\" UBS Chief Economist Paul Donovan writes.</p>\n<p>The dot plot is meant to illustrate where individual members see rates going, but not where they will or necessarily want them to go and the Fed chief has said it is not a great forecaster.</p>\n<p>But if three members raise their 2022 dots, the new median will be for a quarter-point hike that year, and Wall Street banks have been aggressively marketing short-term interest rate derivatives that would pay off with tightening pulled forward, Bloomberg reports. (See chart at the bottom.)</p>\n<p>\"Watch the dots - likely will see initial rate hike pulled into 2022 with more in 2023,\" Kathy Jones, chief fixed income strategist for Schwab, tweets. \"Look out for unemp projections - will indicate what Fed sees as 'full employment.'\"</p>\n<p><b>Ethics questions:</b>&nbsp;Beyond monetary policy, Powell may face some difficult questions about the recent controversy of the asset portfolios of Fed governors.</p>\n<p>Dallas Fed President Robert Kaplan's trading in individual stocks last year, including several megacaps that tend to benefit from lower interest rates, prompted the Fed chairman to&nbsp;open an ethics review.</p>\n<p>And&nbsp;Powell and two other Fed members owned securities that the central bank was buying last year.</p>\n<p><img src=\"https://static.tigerbbs.com/cfe97d77d54cfe99de4de152cdfc4ab7\" tg-width=\"733\" tg-height=\"698\" width=\"100%\" height=\"auto\"></p>","source":"seekingalpha","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>Fed in focus today with taper talk and new dot plot engrossing Wall Street</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; 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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\">\nFed in focus today with taper talk and new dot plot engrossing Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 17:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3742098-fed-in-focus-today-with-taper-talk-and-new-dot-plot-engrossing-wall-street><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve takes center stage, but the decision could well be a dud for a market that's been hyping up big macro events lately.\nThis is certainly the most important FOMC meeting since, well, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3742098-fed-in-focus-today-with-taper-talk-and-new-dot-plot-engrossing-wall-street\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/news/3742098-fed-in-focus-today-with-taper-talk-and-new-dot-plot-engrossing-wall-street","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1146187405","content_text":"The Federal Reserve takes center stage, but the decision could well be a dud for a market that's been hyping up big macro events lately.\nThis is certainly the most important FOMC meeting since, well, the last FOMC meeting. But if Chairman Jay Powell and company avoid taper talk and keep rate forecasts steady, Wall Street could shrug it off, like recent jobs and inflation reports.\nWhile nobody expects a rate hike when the statement arrives, there'scertainly a lot for the Fed to consider.\n\"Fed has to navigate desire to taper asset purchases through land mine of uncertainties about the economy and the risks posed by variants, debt ceiling politics, China & inflation,\" Diane Swonk, chief economist at Grant Thornton, tweeted yesterday.\nStock index futures are higher after dip-buying faded yesterday and the broader market closed lower again. The 10-year Treasury yield is up 1 basis point to 1.33%.\nThere is some speculation that the recent market selloff, with the S&P looking at itsworst monthly performance in a year, could make Fed members gun-shy about a hawkish tilt. But Renaissance Macro Research says the current selloff is \"not even close to having the Fed shift course.\"\nThe \"S&P 500(SP500)(NYSEARCA:SPY)is basically flat since the Fed’s July 28 confab,\" RenMac tweets. \"When we think about the last few times China was the source of the concern 2015/2016, the US equity decline was far more pronounced.\"\n\nAsset purchase tapering.Calls for the Fed to trim its $120B per month in asset purchases are growing as inflation heats up. But the consensus is that there will be no official announcement today.\nTwo-thirds of 52 economists surveyed by Bloomberg expect a November announcement, with more than half expecting the Fed to start the taper in December.\nStill, Powell has been adamant he will give ample notice for any moves.\nThe August jobs report gave \"the doves on the Federal Reserve’s board, essentially where we think the Chair resides today, some fodder for postponing a tapering of the QE asset purchase program, though we think this would be a mistake,\" BlackRock's Rick Rieder writes. \"Yet, we do believe that we will learn more details in September from the FOMC meeting, relative to what the Fed’s schedule for tapering will be.\"\nA change in the wording of the statement may be where the market gets that signal.\n\"Expect the Fed to put off until November any announcement on slowing its $120 billion a month in asset purchases,\" economist Joseph Brusuelas writes in hisReal Economy Blog. \"If the Fed signals any change, expect different language in the third paragraph of its statement, where the committee may update the risk to the outlook as balanced, which may signal tapering before the end of the year.\"\n\"In 2013, before its previous round of tapering, the Fed used its statement to signal coming policy action, so it may choose to take that approach this week.\"\nMohamed El-Erian saysthe Fed needs to act as the window to tapering is closing.\nDissecting the dot plot:The latest dot plot chart of Fed member interest rate projections, which caused a stir last time, will also be closely watched, much to the chagrin of Powell.\nThe \"sole purpose\" of the \"fabled dot plot ... is to increase confusion and misunderstanding in financial markets,\" UBS Chief Economist Paul Donovan writes.\nThe dot plot is meant to illustrate where individual members see rates going, but not where they will or necessarily want them to go and the Fed chief has said it is not a great forecaster.\nBut if three members raise their 2022 dots, the new median will be for a quarter-point hike that year, and Wall Street banks have been aggressively marketing short-term interest rate derivatives that would pay off with tightening pulled forward, Bloomberg reports. (See chart at the bottom.)\n\"Watch the dots - likely will see initial rate hike pulled into 2022 with more in 2023,\" Kathy Jones, chief fixed income strategist for Schwab, tweets. \"Look out for unemp projections - will indicate what Fed sees as 'full employment.'\"\nEthics questions: Beyond monetary policy, Powell may face some difficult questions about the recent controversy of the asset portfolios of Fed governors.\nDallas Fed President Robert Kaplan's trading in individual stocks last year, including several megacaps that tend to benefit from lower interest rates, prompted the Fed chairman to open an ethics review.\nAnd Powell and two other Fed members owned securities that the central bank was buying last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863099370,"gmtCreate":1632326815090,"gmtModify":1676530754880,"author":{"id":"4087563168489330","authorId":"4087563168489330","name":"Jenzz","avatar":"https://static.tigerbbs.com/b8283ea42969e182a0949b2ff49d647d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087563168489330","authorIdStr":"4087563168489330"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>+++","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>+++","text":"$NIO Inc.(NIO)$+++","images":[{"img":"https://static.tigerbbs.com/23460da8d10ce6feb23b67917b9635f1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863099370","isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":884223623,"gmtCreate":1631895651462,"gmtModify":1676530665582,"author":{"id":"4087563168489330","authorId":"4087563168489330","name":"Jenzz","avatar":"https://static.tigerbbs.com/b8283ea42969e182a0949b2ff49d647d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087563168489330","authorIdStr":"4087563168489330"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>+++","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>+++","text":"$NIO Inc.(NIO)$+++","images":[{"img":"https://static.tigerbbs.com/f01b0c854ba48b7f2e7d5d899dd3a8cf","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884223623","isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":884634777,"gmtCreate":1631886324599,"gmtModify":1676530661873,"author":{"id":"4087563168489330","authorId":"4087563168489330","name":"Jenzz","avatar":"https://static.tigerbbs.com/b8283ea42969e182a0949b2ff49d647d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087563168489330","authorIdStr":"4087563168489330"},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884634777","repostId":"1187288386","repostType":4,"repost":{"id":"1187288386","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631885557,"share":"https://ttm.financial/m/news/1187288386?lang=&edition=fundamental","pubTime":"2021-09-17 21:32","market":"us","language":"en","title":"Stocks fall slightly as investors brace for more September volatility","url":"https://stock-news.laohu8.com/highlight/detail?id=1187288386","media":"Tiger Newspress","summary":"Stocks edged lower on Friday as investors remain cautious due to a resurgent Covid virus, a Federal ","content":"<p>Stocks edged lower on Friday as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities.</p>\n<p>The Dow Jones Industrial Average lost about 57 points. The S&amp;P 500 shed 0.2% and the Nasdaq Composite lost 0.1%</p>\n<p><img src=\"https://static.tigerbbs.com/f66a01c33612b6fbc4061b54b04e9b47\" tg-width=\"1054\" tg-height=\"437\" referrerpolicy=\"no-referrer\"></p>\n<p>History is not on the market's side with the S&amp;P 500 averaging a 0.4% decline for September, the worst of any month, according to the Stock Trader's Almanac. Friday in particular&nbsp;begins a historically weak period for stocks&nbsp;as those September losses typically come in the back half of the month.</p>\n<p>Some of the volatility that comes during September is often surrounding so-called quadruple witching, which occurs at the close Friday. This is the expiration of stock index futures, stock index options, stock options, and single-stock futures.</p>\n<p>\"We expect volatility to increase over the next month driven by a seasonal pickup in investor uncertainty, continued virus uncertainty, and significant monetary and fiscal policy catalysts,\" wrote John Marshall, head of derivatives research for Goldman Sachs, in a note Friday. Marshall cited data showing S&amp;P 500 volatility typically increased by 27% from August to October.</p>\n<p>Still, stocks are heading into Friday with modest gains for the week. The Dow is up 0.41% and the S&amp;P 500 is up 0.34% since Monday. The Nasdaq Composite has gained 0.44% this week. For the month, stocks are in the red. The Dow is down 1.7% in September. The S&amp;P 500 is off by 1.1% this month but still just 1.6% from its all-time high. The Nasdaq has lost 0.5% this month.</p>\n<p>On Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low. The S&amp;P 500 fell 0.16%. The Nasdaq Composite was the outperformer, rising 0.13% as&nbsp;Netflix, Microsoft and Amazon all closed in the green.</p>\n<p>The Census Bureau reported Thursday that&nbsp;August's retail sales&nbsp;increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. However, the retail sales beat came after the initial estimate for July was revised down sharply from a month-over-month gain of 0.5% to a decline of 1.8%.</p>\n<p>A separate economic report showed that weekly jobless claims increased to 332,000 for the week ended Sept. 11, according to the Labor Department. The Dow Jones estimate was for 320,000.</p>\n<p>“The economy is widely thought to be slowing under the weight of the Delta variant. Combined with a bad historic September stock market seasonality and ongoing fears of inflation, has caused investors to recently turn cautious,” said Jim Paulsen, chief investment strategist for Leuthold Group. “With economic growth unexpectedly reviving again, investors are questioning whether they have been too cautious keeping a bid under the overall stock market.”</p>\n<p>The Federal Reserve meets for two days next week and on Wednesday is expected to give further clues as to when it may start to slow its $120 billion in monthly bond purchases that have supported the recovery, but also perhaps aided in a jump in inflation. Fed Chief Jerome Powell has said the so-called tapering could occur this year, but investors are waiting for more specifics. Some investors fear a decline in asset prices as the central bank begins to take away its easy policies.</p>\n<p>Shares of Invesco jumped after&nbsp;the Wall Street Journal&nbsp;reported the money manager is in talks to combine with State Street’s asset-management business. Invesco, which manages about $1.5 trillion, jumped 6% in morning trading.</p>","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>Stocks fall slightly as investors brace for more September volatility</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\">\nStocks fall slightly as investors brace for more September volatility\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-17 21:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Stocks edged lower on Friday as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities.</p>\n<p>The Dow Jones Industrial Average lost about 57 points. The S&amp;P 500 shed 0.2% and the Nasdaq Composite lost 0.1%</p>\n<p><img src=\"https://static.tigerbbs.com/f66a01c33612b6fbc4061b54b04e9b47\" tg-width=\"1054\" tg-height=\"437\" referrerpolicy=\"no-referrer\"></p>\n<p>History is not on the market's side with the S&amp;P 500 averaging a 0.4% decline for September, the worst of any month, according to the Stock Trader's Almanac. Friday in particular&nbsp;begins a historically weak period for stocks&nbsp;as those September losses typically come in the back half of the month.</p>\n<p>Some of the volatility that comes during September is often surrounding so-called quadruple witching, which occurs at the close Friday. This is the expiration of stock index futures, stock index options, stock options, and single-stock futures.</p>\n<p>\"We expect volatility to increase over the next month driven by a seasonal pickup in investor uncertainty, continued virus uncertainty, and significant monetary and fiscal policy catalysts,\" wrote John Marshall, head of derivatives research for Goldman Sachs, in a note Friday. Marshall cited data showing S&amp;P 500 volatility typically increased by 27% from August to October.</p>\n<p>Still, stocks are heading into Friday with modest gains for the week. The Dow is up 0.41% and the S&amp;P 500 is up 0.34% since Monday. The Nasdaq Composite has gained 0.44% this week. For the month, stocks are in the red. The Dow is down 1.7% in September. The S&amp;P 500 is off by 1.1% this month but still just 1.6% from its all-time high. The Nasdaq has lost 0.5% this month.</p>\n<p>On Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low. The S&amp;P 500 fell 0.16%. The Nasdaq Composite was the outperformer, rising 0.13% as&nbsp;Netflix, Microsoft and Amazon all closed in the green.</p>\n<p>The Census Bureau reported Thursday that&nbsp;August's retail sales&nbsp;increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. However, the retail sales beat came after the initial estimate for July was revised down sharply from a month-over-month gain of 0.5% to a decline of 1.8%.</p>\n<p>A separate economic report showed that weekly jobless claims increased to 332,000 for the week ended Sept. 11, according to the Labor Department. The Dow Jones estimate was for 320,000.</p>\n<p>“The economy is widely thought to be slowing under the weight of the Delta variant. Combined with a bad historic September stock market seasonality and ongoing fears of inflation, has caused investors to recently turn cautious,” said Jim Paulsen, chief investment strategist for Leuthold Group. “With economic growth unexpectedly reviving again, investors are questioning whether they have been too cautious keeping a bid under the overall stock market.”</p>\n<p>The Federal Reserve meets for two days next week and on Wednesday is expected to give further clues as to when it may start to slow its $120 billion in monthly bond purchases that have supported the recovery, but also perhaps aided in a jump in inflation. Fed Chief Jerome Powell has said the so-called tapering could occur this year, but investors are waiting for more specifics. Some investors fear a decline in asset prices as the central bank begins to take away its easy policies.</p>\n<p>Shares of Invesco jumped after&nbsp;the Wall Street Journal&nbsp;reported the money manager is in talks to combine with State Street’s asset-management business. Invesco, which manages about $1.5 trillion, jumped 6% in morning trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187288386","content_text":"Stocks edged lower on Friday as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities.\nThe Dow Jones Industrial Average lost about 57 points. The S&P 500 shed 0.2% and the Nasdaq Composite lost 0.1%\n\nHistory is not on the market's side with the S&P 500 averaging a 0.4% decline for September, the worst of any month, according to the Stock Trader's Almanac. Friday in particular begins a historically weak period for stocks as those September losses typically come in the back half of the month.\nSome of the volatility that comes during September is often surrounding so-called quadruple witching, which occurs at the close Friday. This is the expiration of stock index futures, stock index options, stock options, and single-stock futures.\n\"We expect volatility to increase over the next month driven by a seasonal pickup in investor uncertainty, continued virus uncertainty, and significant monetary and fiscal policy catalysts,\" wrote John Marshall, head of derivatives research for Goldman Sachs, in a note Friday. Marshall cited data showing S&P 500 volatility typically increased by 27% from August to October.\nStill, stocks are heading into Friday with modest gains for the week. The Dow is up 0.41% and the S&P 500 is up 0.34% since Monday. The Nasdaq Composite has gained 0.44% this week. For the month, stocks are in the red. The Dow is down 1.7% in September. The S&P 500 is off by 1.1% this month but still just 1.6% from its all-time high. The Nasdaq has lost 0.5% this month.\nOn Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low. The S&P 500 fell 0.16%. The Nasdaq Composite was the outperformer, rising 0.13% as Netflix, Microsoft and Amazon all closed in the green.\nThe Census Bureau reported Thursday that August's retail sales increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. However, the retail sales beat came after the initial estimate for July was revised down sharply from a month-over-month gain of 0.5% to a decline of 1.8%.\nA separate economic report showed that weekly jobless claims increased to 332,000 for the week ended Sept. 11, according to the Labor Department. The Dow Jones estimate was for 320,000.\n“The economy is widely thought to be slowing under the weight of the Delta variant. Combined with a bad historic September stock market seasonality and ongoing fears of inflation, has caused investors to recently turn cautious,” said Jim Paulsen, chief investment strategist for Leuthold Group. “With economic growth unexpectedly reviving again, investors are questioning whether they have been too cautious keeping a bid under the overall stock market.”\nThe Federal Reserve meets for two days next week and on Wednesday is expected to give further clues as to when it may start to slow its $120 billion in monthly bond purchases that have supported the recovery, but also perhaps aided in a jump in inflation. Fed Chief Jerome Powell has said the so-called tapering could occur this year, but investors are waiting for more specifics. Some investors fear a decline in asset prices as the central bank begins to take away its easy policies.\nShares of Invesco jumped after the Wall Street Journal reported the money manager is in talks to combine with State Street’s asset-management business. Invesco, which manages about $1.5 trillion, jumped 6% in morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882568501,"gmtCreate":1631708558003,"gmtModify":1676530614149,"author":{"id":"4087563168489330","authorId":"4087563168489330","name":"Jenzz","avatar":"https://static.tigerbbs.com/b8283ea42969e182a0949b2ff49d647d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087563168489330","authorIdStr":"4087563168489330"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>???","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>???","text":"$Tesla Motors(TSLA)$???","images":[{"img":"https://static.tigerbbs.com/e1c0e321ac847050c65511b503cee775","width":"1080","height":"2259"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882568501","isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":882568031,"gmtCreate":1631708539523,"gmtModify":1676530614134,"author":{"id":"4087563168489330","authorId":"4087563168489330","name":"Jenzz","avatar":"https://static.tigerbbs.com/b8283ea42969e182a0949b2ff49d647d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087563168489330","authorIdStr":"4087563168489330"},"themes":[],"htmlText":"+++$$$$","listText":"+++$$$$","text":"+++$$$$","images":[{"img":"https://static.tigerbbs.com/24ed8f8c20bd803d710a1e6a442696cf","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882568031","isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":882561019,"gmtCreate":1631708468131,"gmtModify":1676530614104,"author":{"id":"4087563168489330","authorId":"4087563168489330","name":"Jenzz","avatar":"https://static.tigerbbs.com/b8283ea42969e182a0949b2ff49d647d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087563168489330","authorIdStr":"4087563168489330"},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882561019","repostId":"1148341685","repostType":4,"repost":{"id":"1148341685","kind":"news","pubTimestamp":1631660884,"share":"https://ttm.financial/m/news/1148341685?lang=&edition=fundamental","pubTime":"2021-09-15 07:08","market":"us","language":"en","title":"U.S. stocks close lower on worries over recovery, corporate tax hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=1148341685","media":"Reuters","summary":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing","content":"<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.</p>\n<p>Optimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.</p>\n<p>So far this month the S&amp;P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.</p>\n<p>“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”</p>\n<p>The advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.</p>\n<p>“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”</p>\n<p>The CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.</p>\n<p>U.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]</p>\n<p>The long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.</p>\n<p>The Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&amp;P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.</p>\n<p>All 11 major sectors in the S&amp;P 500 ended the session red, with energy and financials suffering the largest percentage drops.</p>\n<p>Apple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&amp;P 500 and the Nasdaq.</p>\n<p>Intuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.</p>\n<p>CureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.</p>\n<p>Volume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.</p>","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>U.S. stocks close lower on worries over recovery, corporate tax hikes</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\">\nU.S. stocks close lower on worries over recovery, corporate tax hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-15 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9\">Web Link</a>\n\n</div>\n\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":"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148341685","content_text":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.\nOptimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.\nSo far this month the S&P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.\n“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”\nThe advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.\n“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”\nThe CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.\nU.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]\nThe long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.\nThe Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.\nAll 11 major sectors in the S&P 500 ended the session red, with energy and financials suffering the largest percentage drops.\nApple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&P 500 and the Nasdaq.\nIntuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.\nCureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.\nThe S&P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.\nVolume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882563862,"gmtCreate":1631708418156,"gmtModify":1676530614087,"author":{"id":"4087563168489330","authorId":"4087563168489330","name":"Jenzz","avatar":"https://static.tigerbbs.com/b8283ea42969e182a0949b2ff49d647d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087563168489330","authorIdStr":"4087563168489330"},"themes":[],"htmlText":"I see&nbsp;","listText":"I see&nbsp;","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882563862","repostId":"1148341685","repostType":2,"repost":{"id":"1148341685","kind":"news","pubTimestamp":1631660884,"share":"https://ttm.financial/m/news/1148341685?lang=&edition=fundamental","pubTime":"2021-09-15 07:08","market":"us","language":"en","title":"U.S. stocks close lower on worries over recovery, corporate tax hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=1148341685","media":"Reuters","summary":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing","content":"<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.</p>\n<p>Optimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.</p>\n<p>So far this month the S&amp;P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.</p>\n<p>“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”</p>\n<p>The advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.</p>\n<p>“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”</p>\n<p>The CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.</p>\n<p>U.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]</p>\n<p>The long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.</p>\n<p>The Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&amp;P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.</p>\n<p>All 11 major sectors in the S&amp;P 500 ended the session red, with energy and financials suffering the largest percentage drops.</p>\n<p>Apple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&amp;P 500 and the Nasdaq.</p>\n<p>Intuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.</p>\n<p>CureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.</p>\n<p>Volume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.</p>","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>U.S. stocks close lower on worries over recovery, corporate tax hikes</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; 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}\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\">\nU.S. stocks close lower on worries over recovery, corporate tax hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-15 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9\">Web Link</a>\n\n</div>\n\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":"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148341685","content_text":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.\nOptimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.\nSo far this month the S&P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.\n“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”\nThe advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.\n“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”\nThe CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.\nU.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]\nThe long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.\nThe Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.\nAll 11 major sectors in the S&P 500 ended the session red, with energy and financials suffering the largest percentage drops.\nApple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&P 500 and the Nasdaq.\nIntuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.\nCureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.\nThe S&P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.\nVolume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}