September 11, 2023

Stocks Decline

Latest Publications Stocks Decline

Good News is Bad News for Rates

Equities declined last week, with the S&P 500 and Nasdaq Composite ending below their 50-day moving averages. Investors turned skittish, as strongerthan- expected economic data stirred concerns that interest rates could stay higher for longer. Technology weakened amid the Chinese ban on iPhone use at government agencies.

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