Wall St rises after CPI data but Fed concerns persist
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Fund managers are most Overweight bonds vs stocks since April 2009 - BofA's survey
December 13, 2022 7:59 AM ESTFund managers are still very cautious about global growth although the latest Bank of Americas Global Fund Manager Survey (GFS) points toward tentative signs of trough in global growth expectations.
69% of FMS investors expect a weaker economy, which is down from 73% in November. Moreover, 68% of investors said a recession was likely, an improvement compared to 77% in... More
