Bears Roam Wall Street As Middle East Conflict, Earnings Outlook Raise Concerns Despite Strong Q3 US Economic Growth: This Week In Markets
Published by
Benzinga
Benzinga
It has been another week of volatility in the stock market, characterized by mounting fears of a wider Middle East conflict and a more cautious fourth-quarter earnings outlook announced by U.S. corporations. Investors absorbed the latest economic data, which revealed stronger-than-expected growth in the third quarter and inflation in line with expectations in September, solidifying forecasts of unchanged interest rates at the upcoming Federal Open Market Committee Meeting next week. US GDP Growth Beats Expectations, Fueled by Strong Consumer Spending: The U.S. economy exceeded expectations in …