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U.S. stocks fell on Tuesday to cap a back-and-forth session as investors gear up for a big inflation report Wednesday and the start of third-quarter earnings season. The S&P 500 (^GSPC) fell 0.6% after failing to retain a gains from an intraday rebound, and the Nasdaq Composite (^IXIC) tumbled 1.1% to a fresh two-year low. The Dow Jones Industrial Average was an outlier — ending 0.1% in the green. Meanwhile, the benchmark 10-year Treasury note came close again to the key 4% level. Investors… Source link

Former NFL quarterback Brett Favre, currently embroiled in a $77 million Mississippi state welfare fund scandal, released his first statement on the scandal itself on Tuesday claiming that he is innocent of any crimes. “No one ever told me, and I did not know, that funds designated for welfare recipients were going to the University or me. I tried to help my alma mater USM, a public Mississippi state university, raise funds for a wellness center. My goal was and always will be to improve the… Source link

The rout in various asset markets at the hands of the Federal Reserve may not be over, warned former Wall Streeter and current Galaxy Digital CEO Mike Novogratz. “The bear case is we’ve got two-to-six months left of this pain,” Novogratz said on Yahoo Finance Live (video above). “The bull case is the market starts breaking. We’re seeing a lot of breakage, not necessarily in crypto but in the rest of the world.” Novogratz, who began his career at Goldman Sachs in 1989, didn’t rule out seeing… Source link

Inflows to stocks neared a record last week as bets on a bottom forming spurred major dip-buying across U.S. equities. The optimism, however, is likely premature, according to Bank of America. Analysts at the bank said in a Tuesday note that allocations to equities reached the third-highest sum since 2008 during the five-day period, according to client data — a sign investors believe indicates that the market sell-off is nearing an end. But BofA contested the notion that the worst is behind… Source link

(Bloomberg) — Jamie Dimon says don’t be surprised if the S&P 500 loses another one-fifth of its value. While such a plunge would fray trader nerves and stress retirement accounts, history shows it wouldn’t require any major departures from past precedents to occur. Most Read from Bloomberg Judged by valuation and its impact on long-term returns, the JPMorgan Chase chief executive officer’s “easy 20%” tumble would result in a bear market that is in many regards normal. A decline… Source link

Mark Zuckerberg is making the same mistakes that plagued former Yahoo CEO Marissa Mayer.  Mayer made ambitious bets that never paid off for Yahoo, which was ultimately sold to Verizon. Zuckerberg, too, is making a big bet on the metaverse, one better suited for the venture capital world. … Source link

If you felt the 2022 fantasy season was difficult to navigate over its first five weeks, just wait. The tough stuff is actually just beginning. The byes are about to hit in Week 6, with four teams suddenly unavailable (Detroit, Houston, Las Vegas, Tennessee). Even the healthiest fantasy rosters are gonna have to make a few moves this week. Below you’ll find a collection of approved pickups, all of them available in at least 50 percent of Yahoo leagues. Running backs on the wire Kenneth Walker… Source link

With a brutal year for the stock market getting closer to a close, investors may be showing renewed interest in their investments as they look to take action into 2023. Google searches for “Dow Jones” have picked up over the last month (chart below), according to findings compiled by DataTrek Research. The Dow Jones Industrial Average is often seen as the most commonly used metric for stocks by the average U.S. household. The return of interest in the stock market. (DataTrek) DataTrek noted… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, October 11, 2022 Wall Street firms have begun publishing their 2023 forecasts for the S&P 500. Targets published by seven top equity strategists range from 3,800 to 4,200, implying returns of 4% to 15% from current levels. We’ll only know how accurate these calls are in hindsight. We do, however, know that last year’s 2022 forecasts… Source link

This article is part of our Yahoo DFS Baseball series. Tuesday marks the beginning of the Division Series Round of the playoffs. All four series will get underway, leaving us with a busy day of baseball. Starting things off will be a battle between NL East foes when the Braves host the Phillies. Two AL West opponents will face off when Justin Verlander and the Astros host the Mariners. The Yankees will then play the Guardians, while the day will be capped off by the Dodgers playing… Source link