Stocks Extend Slump as Tech Rout Deepens
View original at nasdaq.comStocks Extend Slump as Tech Rout Deepens The S&P 500 Index ($SPX) (SPY) today is down -0.50%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.40%…
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Risks are tilted toward higher inflation and it is essential to maintain credibility by returning to a disinflationary path
80% confidenceThe economy remains resilient in a challenging global environment with uncertain outlook due to trade policy and geopolitical tensions
80% confidenceExcluding the Magnificent Seven megacap technology stocks, Q4 earnings expected to increase by +4.6%
80% confidenceS&P earnings growth expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth
80% confidenceSupported last week's Fed decision to hold interest rates steady because of risks tilted toward higher inflation
80% confidenceUpside risks to inflation have diminished and there should be scope for further policy easing if economy and inflation evolve as expected
80% confidence
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| Qualcomm Incorporated · revenue | 10600000000 USD |