Wall Street Struggles on Monday.
London, Monday, 10 October 2022
As investors re-evaluated the prospects for monetary policy while anticipating a busy week for earnings reporting, the Dow dropped over 100 points on Monday, while the S&P 500 and the Nasdaq lagged, declining 0.9% and 1.4%, respectively.
Investors will be closely monitoring the earnings season for signs of how inflation and a strong dollar are affecting margins and consumer demand.
For additional hints about the Federal Reserve's policy-tightening trajectory, market players will also be watching for the release of the minutes from the most recent policy meeting on Wednesday and the inflation figures on Thursday.
The publication of a comprehensive set of export prohibitions by Washington put pressure on chipmakers' stock prices on the corporate front.
(Report by: The Decision Maker – Finance editors)