Wall Street closes out weak February as Fed concerns remain
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
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S&P 500 is overvalued; risk-reward unattractive at current levels - JPMorgan
February 28, 2023 6:25 AM ESTJust a day after Morgan Stanleys top equity strategist Michael Wilson warned the brokers clients that the bear market is likely to continue in March, JPMorgans equity strategists echoed their colleagues sentiment toward U.S. equities.
The S&P 500 had another solid day yesterday, gaining 0.31% to trade near the 4000... More
