S&P 500 ends lower, snapping rally on mounting slowdown fears

Published by

By Stephen Culp NEW YORK (Reuters) – The S&P 500 ended a three-day winning streak on Wednesday, closing in negative territory as gloomy earnings guidance added to growing fears of a global economic slowdown. But those fears, along with a smaller-than-expected interest rate hike from the Bank of Canada, continued to feed hopes that the Fed might consider easing the size of its rate hikes after its Nov. 1-2 policy meeting. “Today the market is catching up with the move upward over the last week or so,” said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, …

Read More

See also  Federal officials accuse two groups of selling fake coronavirus vaccines and treatment

Leave a Reply