US stocks close lower as traders prepare for more Fed tightening
Category:Cross-Border
Updated:2022-10-21
“When you look at earnings overall, this looks like a peak in the cycle, especially in tech and industrials,” said Karl Schamotta, chief market strategist at Corpay. He added that a strong US dollar has “steamrolled” multinationals that deal in currencies that have weakened against the greenback.
Read the Financial Times article here.
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