[New post] DAILY UPDATE: Stocks Lower as Markets Look Ahead to FOMC Decision

The D.E.A. ROGUE WARRIOR posted: " By Staff Reporters *** *** U.S. equities were modestly lower, as investors awaited tomorrow's conclusion of the Federal Open Market Committee (FOMC) meeting. The Fed is widely expected to hike the target for its fed funds rate by another " The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants DAILY UPDATE: Stocks Lower as Markets Look Ahead to FOMC Decision The D.E.A. ROGUE WARRIOR Nov 2 By Staff Reporters *** *** U.S. equities were modestly lower, as investors awaited tomorrow's conclusion of the Federal Open Market Committee (FOMC) meeting. The Fed is widely expected to hike the target for its fed funds rate by another 75-basis points. On the economic front, the Job Openings and Labor Turnover Survey (JOLTS) posted an unexpected rebound—indicating a still-tight labor market—which seems to be enhancing monetary policy tightening concerns. Reports on manufacturing showed that activity remained in expansion territory, while construction spending unexpectedly rose month-over-month. In equity news, pharmaceutical companies Eli Lilly and Pfizer both topped earnings estimates, while the former lowered its full-year guidance, and the latter raised its outlook. Treasury yields were mixed, while the U.S. dollar ended little changed in choppy action. Crude oil prices gained ground, and gold was higher. And, Asian stocks finished to the upside amid a host of mixed economic news, and after the Reserve Bank of Australia hiked rates by 25-basis points for a second-straight meeting. European markets were mostly higher in the wake of mixed manufacturing data, and ahead of today's decision by the FOMC. *** FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283 BUSINESS MEDICINE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283 *** COMMENTS APPRECIATED Thank You *** Comment Like You can also reply to this email to leave a comment. Unsubscribe to no longer receive posts from The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://medicalexecutivepost.com/2022/11/02/daily-update-stocks-lower-as-markets-look-ahead-to-fomc-decision/ Powered by WordPress.com