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The stock market is trapped in a sharp downtrend, and the situation could get worse

Stocks have lost their short-term bullish momentum, and now the market seems stuck in a longer-term downtrend with no end in sight. Many market strategists expect the S&P 500 to aim to retest lows in the first quarter as earnings look weaker, recession fears rise and the Federal Reserve continues to tighten policy. Strategists looking …

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GameStop reports lower revenue and sharp drop in cash

Leave a Comment / Business / By admin

A screen displays GameStop’s logo and business information on the floor of the New York Stock Exchange (NYSE) on March 29, 2022. Brendan McDermid | Reuters GameStop said Wednesday that its sales in the third fiscal quarter fell and its cash flow fell sharply, as the bricks-and-mortar retailer worked to expand its digital presence. During …

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Here’s where we stand after this week’s sharp back-to-back market declines

Leave a Comment / Markets / By admin

The stock market is having another nasty bearish session on Tuesday on fears that the Federal Reserve will raise interest rates for a longer period to a higher level and that could tip the economy into a recession. The central bank, according to the Wall Street Journal, plans to raise rates above 5% next year …

Here’s where we stand after this week’s sharp back-to-back market declines Read More »