Stocks fall, yields rise as investors weigh rate hike expectations
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- Wall Street indexes fall more than 1%, hit by tech, Iran war worries
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US Firms With High Foreign Revenues More Challenged Than Domestic Peers - Jefferies
September 6, 2022 3:15 PM EDTIn a note focused on US equities, Jefferies analyst Sean Darby stated that companies with high foreign revenues are likely to be more challenged than their domestic peers.
"US financial conditions deteriorated last week led by a sell-off in credit," stated Darby. "There has been a remarkable drop in the number of companies raising prices. The risk for our sector allocation... More
