S&P 500 Erases Decline, Now Up 0.1%
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- S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
- IBM plunges 19% as memory capex squeeze derails Q2 earnings
- Fed’s Warsh says central bank won’t tolerate high inflation
- Software stocks tumble: High memory prices cannibalize enterprise tech capex
- AstraZeneca stock dips as HSBC downgrades stock on 'tough path ahead'
- IBM misses Q2 targets as mainframe and software sales disappoint
- Verizon planning new round of layoffs this week - Barron’s
- S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
- Lucid Group shares quickly cut in half on report of potential bankruptcy
- HSBC Downgrades IBM (IBM) to Reduce, 'Stretched Valuation'
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
