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☆ Konya: Turkey’s ancient city of whirling dervishes
▼ + stars: | 2024-05-22 | by ( Robert Iddiols | ) edition.cnn.com time to read: +7 min

Konya, Turkey CNN —When most people think of Turkey bucket list destinations, a few obvious ones spring to mind - Istanbul, Turquoise Coast hotspots like Bodrum or the otherworldly landscapes of Cappadocia. As well as being a renowned Islamic scholar, Rumi launched the Mevlevi Order of the Whirling Dervishes. And while they can be seen in various locations across Turkey, Konya is the beating heart of their activities. Abdullah Çetín, a photographer based in Konya, says the city and region’s history is also what puts it on the map. Murat Oner Tas/Anadolu Agency/Getty ImagesKonya is also a jumping off point for Lake Tuz, a large hypersaline lake that lies about two hours’ drive northeast of the city.

Persons: –, it’s, Celaleddin Rumi, Rumi, Maulana, ”, Kerem Polat, Adem Altan, Polat, “, ” Polat, Abdullah Çetín, Çetín, Murat Oner Tas, Fahri Tunç, Tunç, ’, ‘, ” Tunç, he’s Organizations: CNN, Turkey CNN, Getty, ”, Mevlana Museum, Anadolu Agency Locations: Konya, Turkey, Istanbul, Turquoise, – Konya, Adem, AFP, Sultanate of Rum, Balkh, Afghanistan, Mecca, Medina, Anatolia, mycan, Sille, Gevale, Rumi, Konya “, Lake Tuz, Salt, Tuz

☆ He Warned of Nuclear Disaster in Ukraine. Then He Was Thrown in a Russian Jail and Tortured.
▼ + stars: | 2024-01-15 | by ( Jennifer Hiller | ) www.wsj.com time to read: 1 min

When Russian troops last year launched the first-ever armed assault on a nuclear facility, Andriy Tuz became the voice to the West of what seemed a looming disaster. As spokesman for Ukraine’s sprawling Zaporizhzhia complex, the 33-year-old appeared on local television, Western media and in solemn online updates to describe chaotic scenes of falling shells and gunfire that shocked nuclear-safety experts and governments worldwide.

Persons: Andriy Tuz

☆ US stocks edge higher ahead of holiday, crude tumbles
▼ + stars: | 2023-11-22 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/3] A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. All three major U.S. stock indexes were green ahead of the U.S. Thanksgiving holiday, with interest rate sensitive momentum stocks putting the tech-laden Nasdaq in the lead. "People feel good going into the Thanksgiving holiday," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. The pan-European STOXX 600 index (.STOXX) rose 0.36% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.11%. Emerging market stocks lost 0.57%.

Persons: Brendan McDermid, Peter Tuz, Tuz, Sterling, Brent, Stephen Culp, Amanda Cooper, Deepa Babington Organizations: Wall, REUTERS, U.S, Nvidia, Federal Reserve, Chase Investment, Dow Jones, Nasdaq, Japan's Nikkei, Treasury, Fed, Federal, Thomson Locations: New York, U.S, China, Charlottesville , Virginia, OPEC, Asia, Pacific, Japan, London

Following the comments from top Fed officials on Monday, Atlanta Fed President Raphael Bostic said the U.S. central bank does not need to raise interest rates any further, and that he sees no recession ahead. "Everybody has one eye on the Middle East conflict and one eye on what's happening with bond yields. The decline in bond yields is the key driver today," said John Praveen, managing director & co-chief investment officer at Paleo Leon. "If tensions escalate bond yields might decline further because they're a safe haven but equities would sell off in that instance because of increased uncertainty and risk aversion," he said. But the flight to safety has made Treasury yields fall enough to push up equities," Tuz said.

Persons: Brendan McDermid, dovish, Raphael Bostic, John Praveen, Praveen, Peter Tuz, Tuz, Neel Kashkari, Christopher Waller, Sinéad Carew, Shashwat Chauhan, Ankika Biswas, Terence Gabriel, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, U.S . Federal Reserve, Atlanta Fed, Treasury, Chase Investment, Nasdaq, Dow Jones, Minneapolis Federal Reserve Bank, Traders, PepsiCo, Truist, Rivian, UBS, EV, Thomson Locations: New York City, U.S, Gaza, Paleo Leon, Charlottesville , Virginia, Israel, Minneapolis

☆ Klaviyo, Arm, Instacart wobble, raising doubts over IPO revival
▼ + stars: | 2023-09-20 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

Among other companies that have been gearing up for U.S. stock market listings are German premium footwear maker Birkenstock Holding and Vietnam internet company VNG Corp (VNZ.HNO). Chip designer Arm's stock on Wednesday hit a low of $51.52, coming close to its $51 IPO price in this year's biggest IPO last Thursday. Shares of grocery delivery app Instacart, which debuted Tuesday, fell to a low of $29.96, below their $30 IPO price. Klaviyo also surrendered most of its initial gains, hitting a low for the day of $30.26, just above its $30 IPO price. Arm and Instacart were "pumped up to do the IPO," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.

Persons: Dado Ruvic, Robert Pavlik, Klaviyo, Jerome Powell, haven't, ”, Jake Dollarhide, Ortex, Peter Tuz, Mark Luschini, Janney Montgomery Scott, Caroline Valetkevitch, Savyata Mishra, Niket, Lewis Krauskopf, Noel Randewich, Marguerita Choy, Stephen Coates Organizations: REUTERS, Arm Holdings, Investment, Dakota Wealth, Birkenstock, VNG Corp, Federal, Nasdaq, Longbow, Management, Chase Investment, People, Thomson Locations: Fairfield , Connecticut, Vietnam, Tulsa , Oklahoma, Charlottesville , Virginia, Bengaluru, New York, San Francisco

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Sept 20 (Reuters) - Shares of Arm Holdings fell for a fourth straight session on Wednesday after the chip designer's stellar market debut last week, with short seller interest picking up. That was up from 5.12 million shares on loan, or 2.7% of the stock's free float, on Tuesday. Short sellers need to borrow a stock to short it, and the relationship between shares on loan and shorted is normally quite close, Ortex said. Arm and Instacart were "pumped up to do the IPO," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. Arm also has a limited number of publicly traded shares, with SoftBank (9984.T) holding a roughly 90% stake.

Persons: Dado Ruvic, Ortex, Peter Tuz, Caroline Valetkevitch, Lewis Krauskopf, Saqib Iqbal Ahmed, Lance Tupper, Richard Chang Organizations: REUTERS, Arm Holdings, Chase Investment, People, Thomson Locations: Charlottesville , Virginia

☆ Wall Street moves sideways as investors look to Fed
▼ + stars: | 2023-09-18 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. Financial markets have currently baked in a 99% certainty that the Fed will hold the key rate at 5.25%-5.00% on Wednesday. British chipmaker Arm Holdings slid 4.5% after Bernstein initiated coverage with an "underperform" rating just days after its stellar debut. Declining issues outnumbered advancing ones on the NYSE by a 1.22-to-1 ratio; on Nasdaq, a 1.74-to-1 ratio favored decliners. The S&P 500 posted 6 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 37 new highs and 247 new lows.

Persons: Brendan McDermid, Bernstein, Jerome, Powell, Peter Tuz, Janet Yellen, Sam Stovall, Stovall, Piper, Stephen Culp, Ankika Biswas, Shristi, Aurora Ellis Organizations: New York Stock Exchange, REUTERS, Holdings, Dow, Nasdaq, U.S, U.S . Federal, Chase Investment, Markets, CFRA Research, Dow Jones, Energy, Tesla Inc, Corp, Arm Holdings, Paypal Holdings, NYSE, Thomson Locations: New York City, U.S, U.S ., Charlottesville , Virginia, New York, Bengaluru

☆ Wall St surges, Treasury yields retreat as data hints at potential Fed pause
▼ + stars: | 2023-08-29 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

"Today's data indicates that consumers are being cautious," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. The pan-European STOXX 600 index (.STOXX) rose 0.97% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 1.38%. Emerging market stocks rose 1.09%. U.S. Treasury yields retreated after a sharp fall in U.S. job openings increased the likelihood of a Fed rate hike pause. Oil prices rose as Hurricane Idalia bore down on Florida's Gulf Coast, threatening supply in a tightening market.

Persons: Toby Melville, Peter Tuz, Tuz, payrolls, Brent, Stephen Culp, Susan Fenton, Mark Heinrich Our Organizations: London Stock Exchange, REUTERS, Treasury, Chase Investment, Commerce, Dow Jones, Nasdaq, Japan's Nikkei, U.S, Thomson Locations: Canary Wharf, London, Britain, U.S, Charlottesville , Virginia, Asia, Pacific, Japan, Gulf

☆ Dow, S&P 500 end down as US interest-rate worries mount, bank shares slip
▼ + stars: | 2023-08-22 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Financials (.SPBK) were the biggest drag on the S&P 500. An S&P downgrade of multiple regional U.S. lenders weighed on bank shares, with both the KBW regional banking index (.KRX) and the S&P 500 banks index (.SPXBK) sharply lower. According to preliminary data, the S&P 500 (.SPX) lost 11.90 points, or 0.27%, to end at 4,387.87 points, while the Nasdaq Composite (.IXIC) gained 10.01 points, or 0.07%, to 13,507.60. Shares of Nvidia hit an all-time high of $481.87 early but were lower on the day.

Persons: Carlo Allegri, Jerome Powell, Peter Tuz, Caroline Valetkevitch, Amruta Khandekar, Shinjini Ganguli, Maju Samuel, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Nvidia, NEW YORK, Dow, Reserve, Nasdaq, Investors, Chase Investment, Treasury, Dow Jones, . Department, Kohl's Corp, Nordstrom Inc, Thomson Locations: New York, U.S, Jackson Hole , Wyoming, Charlottesville , Virginia

The minutes of the Fed's July monetary policy meeting showed most policymakers continue to prioritize the battle against inflation, adding to uncertainty among investors about the outlook for interest rates. Bank shares extended losses, with the S&P 500 bank index <.SPXBK> down 1% and Bank of America (BAC.N) leading losses among bigger banks to end 2.2% lower. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Equities have suffered through a rough patch in August, with the S&P 500 languishing near one-month lows as data underscoring sticky inflation and a robust economy fans fears of interest rates staying elevated for longer. The S&P 500 posted four new 52-week highs and 18 new lows; the Nasdaq Composite recorded 36 new highs and 255 new lows.

Persons: Banks, we're, Peter Tuz, Brendan McDermid, Mike Reynolds, Saeed Azhar, Noel Randewich, Amruta, Lewis Krauskopf, Maju Samuel, Vinay Dwivedi, Deepa Babington Organizations: Nasdaq, Dow, Federal, Chase Investment, ”, Dow Jones, Bank, Bank of America, Nvidia, New York Stock Exchange, REUTERS, Walmart, NYSE, Thomson Locations: Charlottesville , Virginia, New York City, U.S, New York, Bengaluru

☆ Analysis: Rising bond yields emerge as pressure point for US stock rally
▼ + stars: | 2023-08-09 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

This year, it’s largely been a different story, with bond yields rising on better-than-expected economic data. The S&P 500 (.SPX) has rallied over 16% from its March lows, despite a roughly 50 basis point increase in the yield on the benchmark 10-year Treasury note over that time. That dynamic has changed in recent days, however, as Treasury yields have approached last year’s high while the S&P 500 has fallen 2% from its July peak. The bank’s analysts called rising yields "an underpriced risk" for the equity market. The S&P 500 fell 2.3% last week, its biggest weekly drop since March.

Persons: Brendan McDermid, it’s, Keith Lerner, Moody's, Peter Tuz, Refinitiv, Lerner, Matthew Miskin, Lewis Krauskopf, Ira Iosebashvili, Grant McCool Organizations: New York Stock Exchange, REUTERS, Federal Reserve, U.S ., BofA Global Research, Advisory Services, Fitch, Apple, Chase Investment, John Hancock Investment Management, Thomson Locations: New York City, U.S, United States, China, Charlottesville , Virginia, Truist

☆ Rising bond yields emerge as pressure point for US stock rally
▼ + stars: | 2023-08-09 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

☆ Stocks edge higher with Treasury yields in holiday-shortened session
▼ + stars: | 2023-07-03 | by ( Sinéad Carew | ) www.reuters.com time to read: +6 min

Apple (AAPL.O) closed down 0.8% on Monday after closing Friday's session with a $3 trillion market valuation. Still, MSCI's world equity index (.MIWD00000PUS) earlier hit its highest level in just over two weeks, while the pan-European STOXX 600 index (.STOXX) also hit a two-week peak closing down. The pan-European STOXX 600 index lost 0.21% while MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.31%. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed 1.46% higher, while Japan's Nikkei (.N225) added 1.70%. The dollar index rose 0.039%, with the euro down 0.01% to $1.0909.

Persons: Brendan McDermid, Dow, Peter Tuz, Tesla, we're, Paul Volcker, Sterling, May's, Brent, Sinéad Carew, Dhara Ranasinghe, Wayne Cole, Karin Strohecker, Amanda Cooper, David Evans, Mark Potter, Andrea Ricci Organizations: New York Stock Exchange, REUTERS, Wall, U.S, Treasury, Nasdaq, Apple, Banks, Chase Investment, Dow Jones, Japan's Nikkei, Fed, Key, Bank of Japan, Federal, Thomson Locations: New York City, U.S, ., Charlottesville , Virginia, Asia, Pacific, Japan, United States, Saudi Arabia, Russia, New York, London, Sydney

☆ Stocks make little progress with Treasury yields choppy in holiday-shortened session
▼ + stars: | 2023-07-03 | by ( Sinéad Carew | ) www.reuters.com time to read: +5 min

However, U.S. construction spending rose more than expected in May as a severe shortage of houses boosted single-family homebuilding. U.S. data on Friday, which hinted towards cooling inflation, helped bolster gains in the tech sector and underpinned sentiment in world stocks. The pan-European STOXX 600 index (.STOXX) lost 0.21% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.29%. U.S. Treasury yields were last up but lost ground earlier after the economic data showed the manufacturing sector continues to struggle. Gold prices advanced slightly on Monday as weaker economic readings cast doubts over whether the Federal Reserve would stick to its hawkish policy outlook.

Persons: Dow, Paul Volcker, Peter Tuz, we're, Sterling, May's, Brent, Sinéad Carew, Dhara Ranasinghe, Wayne Cole, Karin Strohecker, Amanda Cooper, David Evans, Mark Potter, Andrea Ricci Organizations: YORK, Wall, Nasdaq, U.S, Treasury, Fed, Apple, Chase Investment, Dow Jones, Japan's Nikkei, Key, Bank of Japan, Federal, Thomson Locations: United States, U.S, ., Charlottesville , Virginia, Asia, Pacific, Japan, Saudi Arabia, Russia, New York, London, Sydney

☆ Analysis: Apple's growing stock market heft poses dilemma for fund managers
▼ + stars: | 2023-07-03 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The company’s weighting in the S&P 500 has swelled to 7.6%, the biggest of any one stock in the history of the benchmark index, according to S&P Dow Jones Indices. If shares of Apple keep rallying, that could hurt the results of active fund managers, who strive to beat indexes such as the S&P 500 or Russell 1000. The cost of limiting Apple shares may be particularly high for fund managers this year, given the stock's swelling weight in indexes. “Fund managers at their own peril don’t hold Apple and a handful of stocks just like it at index weight or about index weight,” Morris said. The stock is still his firm's fourth-largest holding, even though at 4% of the portfolio, it puts it underweight Apple versus the S&P 500.

Persons: Dow, Russell, Todd Sohn, Robby Greengold, Walter Todd, Todd, Alex Morris, ” Morris, Refinitiv Datastream, Peter Tuz, ” Tuz, Lewis Krauskopf, Ira Iosebashvili, Anna Driver Organizations: YORK, Dow Jones, Apple, Microsoft, Nvidia, Morningstar, Greenwood Capital, Research, “, Chase Investment, Thomson Locations: Apple’s, South Carolina, United Kingdom, Russell

☆ Wall St Week Ahead: Surging US megacap stocks leave some wondering when to cash out
▼ + stars: | 2023-06-02 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The benchmark S&P 500 (.SPX) has risen 11.5% this year and stands at a 10-month high. The S&P 500 rose 1.45%. The recent surge in Nvidia showed how a stock can keep climbing even after posting hefty gains. At the same time, only 20.3% of S&P 500 stocks have outperformed the index on a rolling three-month basis, a record low dating back five decades, according to Ned Davis. Kotok views narrowing breadth as an ominous sign for the broader stock market, saying that equities also look less favorable in certain asset valuation metrics.

Persons: Ned Davis, Peter Tuz, Jay Hatfield, ” Hatfield, “, Brendan McDermid Michael Purves, Purves, Kevin Mahn, Refinitiv, ”, Mahn, Dow, David Kotok, Lewis Krauskopf, Ira Iosebashvili, Nick Zieminski, Diane Craft Organizations: YORK, BofA Global Research, Ned Davis Research, Chase Investment, Nvidia, Apple, Microsoft, Google, Federal Reserve, New York Stock Exchange, REUTERS, Tallbacken Capital Advisors, Nasdaq, Hennion, Walsh Asset Management, Dow Jones, Cumberland Advisors, Thomson Locations: megacap, BofA, New York City, U.S

☆ Wall St Week Ahead Surging US megacap stocks leave some wondering when to cash out
▼ + stars: | 2023-06-02 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The benchmark S&P 500 (.SPX) has risen 11% this year and stands at a 10-month high. He is overweight megacaps, including Nvidia, Microsoft and Google-parent Alphabet (GOOGL.O). The recent surge in Nvidia showed how a stock can keep climbing even after posting hefty gains. At the same time, only 20.3% of S&P 500 stocks have outperformed the index on a rolling three-month basis, a record low dating back five decades, according to Ned Davis. In one commonly used valuation metric, the S&P 500 is trading at 18.5 times forward earnings estimates compared to its historic average of 15.6 times, according to Refinitiv Datastream.

Persons: Ned Davis, Peter Tuz, Jay Hatfield, ” Hatfield, “, Michael Purves, Purves, Kevin Mahn, Refinitiv, ”, Mahn, Dow, David Kotok, Lewis Krauskopf, Ira Iosebashvili, Nick Zieminski Organizations: YORK, BofA Global Research, Ned Davis Research, Chase Investment, Nvidia, Apple, Microsoft, Google, Tallbacken Capital Advisors, Nasdaq, Hennion, Walsh Asset Management, Dow Jones, Cumberland Advisors, Thomson Locations: megacap, BofA

☆ US stocks move higher, dollar gains as debt limit talks inch forward
▼ + stars: | 2023-05-17 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 15, 2023. REUTERS/StaffSINGAPORE, May 17 (Reuters) - Wall Street was modestly higher on Wednesday and the dollar advanced as regional banks surged and negotiations in Washington over raising the debt ceiling inched forward. Debt ceiling negotiations preoccupied market participants, who took heart from Republican House of Representatives Speaker Kevin McCarthy's vow to avoid what would be a catastrophic default. The dollar gained ground against a basket of world currencies, the greenback benefiting from its safe-haven status as debt ceiling talks grind on. The dollar index rose 0.4%, with the euro down 0.31% to $1.0827.

☆ Focus shifts to retailers as U.S. quarterly results hit final leg
▼ + stars: | 2023-05-15 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

Investors are anxious to see whether the last results of the earnings season may be enough to turn the estimate for S&P 500 first-quarter earnings positive on a year-over-year basis. Results so far this earnings season have been much better than expected. Based on reports from 457 of the S&P 500 companies as of Friday and analyst estimates for the rest of the components, first-quarter S&P 500 earnings were estimated to have declined just 0.6% year-over-year, according to Refinitiv data. "The retailers are going to be important because obviously they're going to be a clear sign of where the consumer is headed. Both the S&P 500 (.SPX) and Dow (.DJI) posted losses for last week.

☆ Recession talk tapers off on latest quarterly conference calls
▼ + stars: | 2023-05-02 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

May 2 (Reuters) - While Wall Street frets that the Federal Reserve's aggressive interest rate hikes will tip the U.S. economy into a recession, discussions on recent quarterly conference calls hint that corporations and analysts have become a bit less concerned. Reports for the first quarter broadly point to shrinking profits for the U.S.' largest companies but less than analysts feared. Reuters GraphicsDiscussion about economic downturns appears to have been relatively limited on recent quarterly analyst conference calls. Terms related to "recession" have been mentioned on 41% of conference calls held in recent weeks by companies in the S&P 500. That compares to 535 mentions on analyst calls for the entirety of the previous quarterly reporting season, equivalent to 1.1 mentions per call.

But the benchmark S&P 500 (.SPX) advanced for the week as well as the day and registered a second consecutive monthly gain. For the month the S&P rose 1.5% while the Dow added 2.5% and the Nasdaq was barely higher. For the week the S&P rose 0.9% in line with the Dow's weekly gain and the Nasdaq rose 1.3%. While the S&P 500 bank index closed up 1.1%, shares in First Republic tumbled in the regular session and after the close. The S&P 500 posted 25 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 66 new highs and 136 new lows.

The benchmark S&P 500 has been generally stable over early stages of a first-quarter earnings season that investors expect to show tepid results. For the week, the S&P 500 slipped 0.1%, the Dow dipped 0.2% and the Nasdaq lost 0.4%. Amazon shares rose 3% on Friday after a research firm predicted the online retailer's business in North America would beat Wall Street's estimates. The materials group (.SPLRCM) fell 0.9%, most among S&P 500 sectors, weighed down by declines in Freeport-McMoRan Inc (FCX.N) and Albemarle Corp (ALB.N). So far, analysts have largely retained last week's expectations of a near-5% year-on-year fall in quarterly profits at S&P 500 companies, according to Refinitiv data.

☆ Analysis: Banking crisis scars struggling U.S. real estate stocks
▼ + stars: | 2023-04-19 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

After slumping 28% last year, the S&P 500 real estate sector (.SPLRCR) has gained about 1% in 2023, lagging an 8% rise for the overall S&P 500 (.SPX). Real estate is the only one of the 11 S&P 500 sectors to underperform the benchmark index in both 2022 and so far in 2023. The real estate sector has slumped 2% since SVB's troubles came to light on March 8, compared to a 4% rise for the S&P 500. “There is nothing about the current banking situation ... that made life easier for real estate companies,” said Peter Tuz, president of Chase Investment Counsel. S&P 500 real estate company earnings are expected to fall 0.3% this year after rising almost 11% in 2022, according to Refinitiv IBES.

☆ Wall St ends lower, Treasury yields slide as data fuels recession jitters
▼ + stars: | 2023-04-05 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 16, 2023. European shares edged lower as investors remained cautious, tilting toward defensive stocks amid economic uncertainty. The pan-European STOXX 600 index (.STOXX) lost 0.16% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.45%. Emerging market stocks lost 0.10%. The dollar index rose 0.32%, with the euro down 0.47% to $1.09.

☆ S&P 500 dips, Treasury yields fall as weak data fuels recession fears
▼ + stars: | 2023-04-05 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 16, 2023. The Nasdaq joined the S&P 500 in negative territory, while defensive stocks helped keep the Dow modestly green. The pan-European STOXX 600 index (.STOXX) lost 0.16% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.51%. Emerging market stocks lost 0.10%. The dollar index rose 0.32%, with the euro down 0.48% to $1.0899.

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