U.S. stocks open lower, ending their winning streak
ChainCatcher News, according to Golden Ten Data, U.S. stocks fell at the open on Thursday, signaling that the four-day winning streak may be coming to an end. Carol Schleif, Chief Investment Strategist at BMO Private Wealth, stated that the government reopening is a "positive" for the market. If the government resumes operations and economic data starts to be released, market volatility in the coming weeks would not be surprising. Traders have shifted their focus to the December Federal Reserve meeting, reducing bets on central bank rate cuts. Collins favors "keeping rates steady for a period of time," while Bostic pointed out that inflation remains the clearer risk facing the U.S. economy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Musalem: Economic weakness expected in Q4, rebound anticipated in Q1 next year
Data: 7.5557 million TRX transferred out from a certain exchange, worth approximately $2.2359 million
