Entrepreneur
Kurra Bewarse Username: Entrepreneur
Post Number: 3815 Registered: 05-2011
Rating: N/A Votes: 0 | Posted on Tuesday, December 14, 2021 - 11:24 am: | |
Mega-cap stocks driving losses The stock market has fallen into a bit of a rut, pressured by the following influences: Concerns that the Omicron variant, while not particularly virulent, can still be a notable drag on growth if it leads to more workers getting sick and more people cancelling travel/entertainment plans. Ongoing worries about inflation pressures and the potential for more aggressive monetary policy action to rein in inflation. Hesitation in front of Wednesday's FOMC announcement and release of updated economic and interest rate projections. Profit taking after a big run. |