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New York CNN Business —The strong dollar has been a headwind for blue chip US companies in the Dow and S&P 500 this year. And the Russell 2000, another index of mostly smaller companies, is down 25%, too. Also, the dollar is so strong — the US Dollar Index, which tracks the greenback against the euro, pound, yen and several other currencies has soared 18% this year — it’s making foreign imports cheaper. But real estate stocks have been slammed by worries about a housing and office real estate slowdown. And multinational companies and foreign stocks will fare more poorly than smaller companies with little to no international exposure.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo market watchers say with recession odds rising, earnings estimates need to come down furtherGlenmede's Michael Reynolds and Raymond James' Sunaina Sinha Haldea discuss recession odds for the U.S. economy, and whether stocks as a whole are worth taking a chance on right now.
The January 6 committee has been interviewing witnesses during its public hearings. The hearings led by co-chairs Bennie Thompson and Liz Cheney give the public a view of the panel's year-long investigation. Insider will update this tracker as hearing transcripts become available. Top editors give you the stories you want — delivered right to your inbox each weekday. Saul Loeb - Pool/Getty ImagesCommittee hearing held October 13, 2022
The last time we spoke, market observers were scratching their heads over the stock market's seemingly unstoppable march higher. Turns out maybe the stock market was right all along. Exclusive interview with the head of iSharesBlackRockETFs helped investors navigate the recent period of volatility, particularly in parts of fixed income where liquidity dried up. This development signals that a new breed of stocks is taking over as the market leaders for the next period of economic expansion. Strategists at the firm highlighted two pairs trades that have been performing well since the stock market hit rock bottom in March.
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