S&P 500 Hits High Into Close, Up 1.75%
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- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
Last Week Marked The Largest Telecom Outflow Ever - BofA
October 15, 2021 6:52 AM EDTThe Bank of Americas Flow Show noted that flows into equities slowed in the last week amid growing fears of not-so-transitory inflation pressures.
Investors poured $11.8 billion into stocks and only $77 million into bonds, in the week to Wednesday, the bank said. A pause comes as YTD equity inflows stand at about $800 billion.
US small business labor shortages & wage pressures worst in 50 years... More
