US stocks did not stand a chance after mega-cap tech earnings disappointed and a record quarterly gain for Fed Chair Powell’s closely watched employment cost index. Rate hike bets continue to pile up ahead of next week’s FOMC decision. Surging wage pressures could be what is needed to make the Fed even more aggressive with tightening at the June and July Fed meetings.
Tech Earnings
Apple shares are under pressure as supply constraints could impact this quarter’s sales by up to $8 billion. I
29-04-2022 14:25 GMT
by Edward Moya