Stocks close lower as Middle East tensions, Treasury yields weigh
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UBS explains why stocks 'may stay in a consolidation phase' after rally
April 15, 2024 2:00 PM EDTAccording to UBS, after the rally over the past six months, equities at the market level may stay in a consolidation phase.
The investment bank said in its note that the recent hotter-than-expected inflation data has dispelled the notion of a Goldilocks US economy.
"Instead, investors and the Fed... More
