Stocks Retreat as Fed Signals Possible Higher Interest Rates
View original at nasdaq.comStocks Retreat as Fed Signals Possible Higher Interest Rates The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -1.21%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.98%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.99%…
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Downgraded Leidos Holdings to neutral from buy.
60% confidencePass-through of the increase in energy and other raw material prices to the market has already occurred; at least one more rate increase is more likely than not.
60% confidenceUpgraded Credicorp to overweight from equal weight with $480 price target.
60% confidenceGoldman Sachs cut its Brent crude price forecast to $80/barrel in Q4 2026, down from $90/barrel, and expects Persian Gulf crude exports to return to pre-war levels by end of July.
60% confidenceInitiated coverage on Figma with buy rating and $36 price target.
60% confidenceThe recent rally in trucking and logistics stocks had been overdone.
60% confidenceAt some point, people stop trusting; OpenAI CEO Sam Altman is all over the map, which will backfire on him.
60% confidenceInitiated coverage on Ormat Technologies with underperform rating and $115 price target.
60% confidenceFed Chair Keven Warsh is appointing task forces to examine central bank functions, including communications, the balance sheet, reliance on existing data sources, productivity and jobs, and the Fed's inflation framework.
60% confidenceThe committee will deliver price stability.
60% confidenceDowngraded Rexford Industrial Realty to underweight from neutral with $25 price target.
60% confidenceUpgraded Wabash National to buy from neutral with $20 price target.
60% confidenceDowngraded ResMed to equal weight from overweight.
60% confidence
Data points we hold from this source
| Federal Reserve · rate hike probability next meeting | 36 percent |