The U.S. equity markets started the shortened week on a down note, with stocks solidly lower, as investors continue to struggle with heightened expectations that the Fed may be more aggressive with its monetary policy tightening campaign to combat persistent inflation pressures.
U.S. equities finished mixed, with the Financials sector leading the laggards, despite a sharp rise in Treasury yields, in the wake of mixed results from Dow member JPMorgan Chase, Citigroup, and Wells Fargo & Company.
After a two-day bounce from a lackluster start to 2022, U.S. equities finished lower, as the recent rebound for Information Technology issues broke down.
After beginning the day lower, U.S. equities finished to the upside, as investors appeared to take testimony from Fed Chair Jerome Powell in his confirmation hearing in stride.
U.S. equities finished mostly higher in another volatile session, as a busy day unfolded with the unofficial start to Q3 earnings season kicking off and the markets receiving their first look at the September inflation picture.
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