Market news as of Oct 12, 2022

Economic factors

• CPI Report: coming out October 13, 2022
  • with inflation still an issue, this might cause a sell-off
• Yield Treasury: 3.908%
• Yield Curve: downward slope
• Inflation rate: 8.26%
• Mortgage rates: 5.25% – 7.50%
• Unemployment rate: 3.5%
• Crude oil: $86.47
• SPY: $358
• VIX Index: 33.62

News

• Wholesale prices rose 0.4% in September, more than expected as inflation persists
• BREAKING: JPMorgan Chase CEO Jamie Dimon tells CNBC that the U.S. is likely going to tip into a recession in the next 6 to 9 months
• Stocks fall as investors digest September jobs report, S&P 500 drops more than 1%
• Sell-off accelerates in the final hour of trading, with the Dow losing 700 points
• BofA Likes Wells Fargo, Morgan Stanley Among Bank Stocks
• Stock Market Inching Higher; CPI Looms: Education Stock Breaks Out
• UK Markets Roiled by BOE Before Bond Buying Provides Some Calm
• Pfizer and Moderna Stocks Jump After FDA Grants Emergency Use of Boosters for Children
• Dice Therapeutics Aces Psoriasis Study and Stock Surges. What’s Next?
• GLOBAL MARKETS-Wall Street stocks rise, sterling regains some ground
• Intel Stock: Trying to Find the Bottom After 64% Skid
• We’re in a Market That’s Unable to Rally
• Is Merck Stock A Buy After Tapping Into Moderna’s Cancer Vaccine Efforts?
• Is Moderna Stock A Buy After Surging On Its Cancer Vaccine Tie-Up With Merck?