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- KellyFangKellyFang
  ·2021-11-18
  Yes
  'As long is we don't fall into a recession,' we're in a long bull market, says ARK Invest's Cathie Wood
  Star stock picker Cathie Wood says she remains bullish on the equity market long-term, despite beari
  'As long is we don't fall into a recession,' we're in a long bull market, says ARK Invest's Cathie Wood
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- KellyFangKellyFang
  ·2021-11-18
  Like, thanks
  Wall Street ends lower as retailers stoke inflation fears
  - Wall Street benchmarks ended Wednesday lower on inflation fears and supply chain concerns stemming from retailers' earnings, with investors betting the Federal Reserve will raise interest rates sooner than expected to tame rising prices.$Target Corp$ was the latest big-name retailer to report positive results, upping its annual forecasts and beating profit expectations, citing an early start to holiday shopping.But shares of the firm fell 4.7%, tracking declines in those of peer $Walmart$ on
  Wall Street ends lower as retailers stoke inflation fears
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ARK Innovation had been a highflier in 2021 until a rotation out of growthy investments helped to pummel her disruptive vehicles, which is down 6% so far in 2021.</p>\n<p>By comparison, the Dow Jones Industrial Average was up 17% in the year to date, the S&amp;P 500 index was rising nearly 25%, the technology-heavy Nasdaq Composite Index was up nearly 24%.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'As long is we don't fall into a recession,' we're in a long bull market, says ARK Invest's Cathie Wood</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'As long is we don't fall into a recession,' we're in a long bull market, says ARK Invest's Cathie Wood\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-11-18 11:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Star stock picker Cathie Wood says she remains bullish on the equity market long-term, despite bearish concerns about rising inflation pressures as the global economy attempts to recover from the COVID-19 pandemic.</p>\n<p>In an video interview with MarketWatch's sister publication Barron's on Wednesday, Wood said that \"we're in a long bull market,\" that will sustain itself \"as long as we don't fall into a recession.\"</p>\n<p>Wood said that equity investors are climbing a \"massive wall of worry,\" and are \"effectively saying no\" to concerns the likelihood that a new regime of corporate taxes will upend bullish momentum.</p>\n<p>She also said that the stock market appears to be telling us that expectations are low that inflation will be sustained.</p>\n<p>Wood is a money manager, whose funds focus on making investments in disruptive innovations and manages the flagship $20.7 billion <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> (ARKK). ARK Innovation had been a highflier in 2021 until a rotation out of growthy investments helped to pummel her disruptive vehicles, which is down 6% so far in 2021.</p>\n<p>By comparison, the Dow Jones Industrial Average was up 17% in the year to date, the S&amp;P 500 index was rising nearly 25%, the technology-heavy Nasdaq Composite Index was up nearly 24%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2184145859","content_text":"Star stock picker Cathie Wood says she remains bullish on the equity market long-term, despite bearish concerns about rising inflation pressures as the global economy attempts to recover from the COVID-19 pandemic.\nIn an video interview with MarketWatch's sister publication Barron's on Wednesday, Wood said that \"we're in a long bull market,\" that will sustain itself \"as long as we don't fall into a recession.\"\nWood said that equity investors are climbing a \"massive wall of worry,\" and are \"effectively saying no\" to concerns the likelihood that a new regime of corporate taxes will upend bullish momentum.\nShe also said that the stock market appears to be telling us that expectations are low that inflation will be sustained.\nWood is a money manager, whose funds focus on making investments in disruptive innovations and manages the flagship $20.7 billion ARK Innovation ETF (ARKK). ARK Innovation had been a highflier in 2021 until a rotation out of growthy investments helped to pummel her disruptive vehicles, which is down 6% so far in 2021.\nBy comparison, the Dow Jones Industrial Average was up 17% in the year to date, the S&P 500 index was rising nearly 25%, the technology-heavy Nasdaq Composite Index was up nearly 24%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878540272,"gmtCreate":1637211554332,"gmtModify":1637211554332,"author":{"id":"3568501950601330","authorId":"3568501950601330","name":"KellyFang","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like, thanks","listText":"Like, thanks","text":"Like, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/878540272","repostId":"2184510828","repostType":4,"repost":{"id":"2184510828","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1637190577,"share":"https://www.laohu8.com/m/news/2184510828?lang=&edition=full","pubTime":"2021-11-18 07:09","market":"us","language":"en","title":"Wall Street ends lower as retailers stoke inflation fears","url":"https://stock-news.laohu8.com/highlight/detail?id=2184510828","media":"Reuters","summary":" - Wall Street benchmarks ended Wednesday lower on inflation fears and supply chain concerns stemming from retailers' earnings, with investors betting the Federal Reserve will raise interest rates sooner than expected to tame rising prices.$Target Corp$ was the latest big-name retailer to report positive results, upping its annual forecasts and beating profit expectations, citing an early start to holiday shopping.But shares of the firm fell 4.7%, tracking declines in those of peer $Walmart$ on ","content":"<p>(Reuters) - Wall Street benchmarks ended Wednesday lower on inflation fears and supply chain concerns stemming from retailers' earnings, with investors betting the Federal Reserve will raise interest rates sooner than expected to tame rising prices.</p>\n<p><a href=\"https://laohu8.com/S/TG\">Target Corp</a>&nbsp;was the latest big-name retailer to report positive results, upping its annual forecasts and beating profit expectations, citing an early start to holiday shopping.</p>\n<p>But shares of the firm fell 4.7%, tracking declines in those of peer <a href=\"https://laohu8.com/S/WMT\">Walmart</a>&nbsp;on Tuesday, as both retailers flagged a hit to their third-quarter margins from supply chain issues.read more</p>\n<p>Other retailers yet to report earnings traded lower. <a href=\"https://laohu8.com/S/M\">Macy's Inc</a>&nbsp;and Kohls Corp(KSS.N)dropped 4.5% and 3.1% respectively, ahead of posting numbers on Thursday morning, and <a href=\"https://laohu8.com/S/GPS\">Gap Inc</a>&nbsp;and Urban Outfitters Inc(URBN.O), on deck next week, slipped 5.2% and 4.2%.</p>\n<p>Some retailers bucked the trend. TJX Companies Inc(TJX.N)gained 5.8%, its highest finish since Aug. 27, after the T.J. Maxx owner reported estimate-beating earnings, an increase in its share buyback program, and forecast it was well positioned to meet holiday-season demand.read more</p>\n<p>Lowe's Cos Inc(LOW.N)rose 0.4% after the home improvement chain raised its full-year sales forecast on higher demand. Peer Home Depot(HD.N)had also reported strong results on Tuesday.read more</p>\n<p>The Dow was also weighed by <a href=\"https://laohu8.com/S/V\">Visa Inc</a>, which slumped 4.7% after <a href=\"https://laohu8.com/S/AMZN\">Amazon.com Inc</a>&nbsp;said it would stop accepting cards issued by the operator in the UK due to the high transaction fees.read more</p>\n<p>While strong retail data this week showed a rise in inflation has not stifled economic growth so far, investors fear that further increases in prices could hurt growth and push the Federal Reserve into tightening policy ahead of schedule.</p>\n<p>\"You've got inflation at a 31-year high, but we're at the lowest interest rates we've ever had, so those things just don't connect,\" said Salem Abraham, portfolio manager of the Abraham Fortress Fund.</p>\n<p>He added while supply chain issues would ease as COVID moved to endemic status, the huge increase seen in money supply would ensure inflation would remain a serious problem for years.</p>\n<p>Contrasting comments from Fed Presidents James Bullard and Mary Daly on Tuesday also brewed more uncertainty in markets.</p>\n<p>\"The Fed will hold as long as they can ... But if (inflation) continues to go higher, and you continue to see inflationary pressure, then it becomes a question of how many and how often will (rates) rise,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.</p>\n<p>Strong retail earnings this week will round off an upbeat third-quarter earnings season, which had pushed Wall Street indexes to record highs.</p>\n<p>Chipmaker <a href=\"https://laohu8.com/S/NVDA\">Nvidia Corp</a>&nbsp;dropped 3.1% ahead of its earnings reported after the bell on Wednesday. The wider Philadelphia semiconductor index(.SOX)ended 0.7% lower after a record finish the previous day.</p>\n<p>The Dow Jones Industrial Average(.DJI)fell 211.17 points, or 0.58%, to 35,931.05, the S&amp;P 500(.SPX)lost 12.23 points, or 0.26%, to 4,688.67 and the Nasdaq Composite(.IXIC)dropped 52.28 points, or 0.33%, to 15,921.57.</p>\n<p>Electric vehicle makers were broadly positive. <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&nbsp;and <a href=\"https://laohu8.com/S/GOEV\">Canoo</a>&nbsp;both gained 3.3%, the latter after forecasting it would start U.S. production sooner than expected. <a href=\"https://laohu8.com/S/SEV\">Sono Group NV</a>&nbsp;surged 155% on its Nasdaq debut.</p>\n<p>But <a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive Inc</a>&nbsp;tumbled 15.1% as investors locked in gains from a near 71% winning streak since the stock's listing last week.</p>\n<p>Volume on U.S. exchanges was 10.6 billion shares, compared with the 11.09 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 41 new 52-week highs and six new lows; the Nasdaq Composite recorded 115 new highs and 244 new lows.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ends lower as retailers stoke inflation fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends lower as retailers stoke inflation fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-11-18 07:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - Wall Street benchmarks ended Wednesday lower on inflation fears and supply chain concerns stemming from retailers' earnings, with investors betting the Federal Reserve will raise interest rates sooner than expected to tame rising prices.</p>\n<p><a href=\"https://laohu8.com/S/TG\">Target Corp</a>&nbsp;was the latest big-name retailer to report positive results, upping its annual forecasts and beating profit expectations, citing an early start to holiday shopping.</p>\n<p>But shares of the firm fell 4.7%, tracking declines in those of peer <a href=\"https://laohu8.com/S/WMT\">Walmart</a>&nbsp;on Tuesday, as both retailers flagged a hit to their third-quarter margins from supply chain issues.read more</p>\n<p>Other retailers yet to report earnings traded lower. <a href=\"https://laohu8.com/S/M\">Macy's Inc</a>&nbsp;and Kohls Corp(KSS.N)dropped 4.5% and 3.1% respectively, ahead of posting numbers on Thursday morning, and <a href=\"https://laohu8.com/S/GPS\">Gap Inc</a>&nbsp;and Urban Outfitters Inc(URBN.O), on deck next week, slipped 5.2% and 4.2%.</p>\n<p>Some retailers bucked the trend. TJX Companies Inc(TJX.N)gained 5.8%, its highest finish since Aug. 27, after the T.J. Maxx owner reported estimate-beating earnings, an increase in its share buyback program, and forecast it was well positioned to meet holiday-season demand.read more</p>\n<p>Lowe's Cos Inc(LOW.N)rose 0.4% after the home improvement chain raised its full-year sales forecast on higher demand. Peer Home Depot(HD.N)had also reported strong results on Tuesday.read more</p>\n<p>The Dow was also weighed by <a href=\"https://laohu8.com/S/V\">Visa Inc</a>, which slumped 4.7% after <a href=\"https://laohu8.com/S/AMZN\">Amazon.com Inc</a>&nbsp;said it would stop accepting cards issued by the operator in the UK due to the high transaction fees.read more</p>\n<p>While strong retail data this week showed a rise in inflation has not stifled economic growth so far, investors fear that further increases in prices could hurt growth and push the Federal Reserve into tightening policy ahead of schedule.</p>\n<p>\"You've got inflation at a 31-year high, but we're at the lowest interest rates we've ever had, so those things just don't connect,\" said Salem Abraham, portfolio manager of the Abraham Fortress Fund.</p>\n<p>He added while supply chain issues would ease as COVID moved to endemic status, the huge increase seen in money supply would ensure inflation would remain a serious problem for years.</p>\n<p>Contrasting comments from Fed Presidents James Bullard and Mary Daly on Tuesday also brewed more uncertainty in markets.</p>\n<p>\"The Fed will hold as long as they can ... But if (inflation) continues to go higher, and you continue to see inflationary pressure, then it becomes a question of how many and how often will (rates) rise,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.</p>\n<p>Strong retail earnings this week will round off an upbeat third-quarter earnings season, which had pushed Wall Street indexes to record highs.</p>\n<p>Chipmaker <a href=\"https://laohu8.com/S/NVDA\">Nvidia Corp</a>&nbsp;dropped 3.1% ahead of its earnings reported after the bell on Wednesday. The wider Philadelphia semiconductor index(.SOX)ended 0.7% lower after a record finish the previous day.</p>\n<p>The Dow Jones Industrial Average(.DJI)fell 211.17 points, or 0.58%, to 35,931.05, the S&amp;P 500(.SPX)lost 12.23 points, or 0.26%, to 4,688.67 and the Nasdaq Composite(.IXIC)dropped 52.28 points, or 0.33%, to 15,921.57.</p>\n<p>Electric vehicle makers were broadly positive. <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&nbsp;and <a href=\"https://laohu8.com/S/GOEV\">Canoo</a>&nbsp;both gained 3.3%, the latter after forecasting it would start U.S. production sooner than expected. <a href=\"https://laohu8.com/S/SEV\">Sono Group NV</a>&nbsp;surged 155% on its Nasdaq debut.</p>\n<p>But <a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive Inc</a>&nbsp;tumbled 15.1% as investors locked in gains from a near 71% winning streak since the stock's listing last week.</p>\n<p>Volume on U.S. exchanges was 10.6 billion shares, compared with the 11.09 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 41 new 52-week highs and six new lows; the Nasdaq Composite recorded 115 new highs and 244 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","QLD":"纳指两倍做多ETF","LHDX":"Lucira Health, Inc.",".SPX":"S&P 500 Index","DDM":"道指两倍做多ETF","UDOW":"道指三倍做多ETF-ProShares","DXD":"道指两倍做空ETF","LABP":"Landos Biopharma, Inc.","QID":"纳指两倍做空ETF","DJX":"1/100道琼斯","DOG":"道指反向ETF","CGEM":"Cullinan Therapeutics","PSQ":"纳指反向ETF",".DJI":"道琼斯","APR":"Apria, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2184510828","content_text":"(Reuters) - Wall Street benchmarks ended Wednesday lower on inflation fears and supply chain concerns stemming from retailers' earnings, with investors betting the Federal Reserve will raise interest rates sooner than expected to tame rising prices.\nTarget Corp was the latest big-name retailer to report positive results, upping its annual forecasts and beating profit expectations, citing an early start to holiday shopping.\nBut shares of the firm fell 4.7%, tracking declines in those of peer Walmart on Tuesday, as both retailers flagged a hit to their third-quarter margins from supply chain issues.read more\nOther retailers yet to report earnings traded lower. Macy's Inc and Kohls Corp(KSS.N)dropped 4.5% and 3.1% respectively, ahead of posting numbers on Thursday morning, and Gap Inc and Urban Outfitters Inc(URBN.O), on deck next week, slipped 5.2% and 4.2%.\nSome retailers bucked the trend. TJX Companies Inc(TJX.N)gained 5.8%, its highest finish since Aug. 27, after the T.J. Maxx owner reported estimate-beating earnings, an increase in its share buyback program, and forecast it was well positioned to meet holiday-season demand.read more\nLowe's Cos Inc(LOW.N)rose 0.4% after the home improvement chain raised its full-year sales forecast on higher demand. Peer Home Depot(HD.N)had also reported strong results on Tuesday.read more\nThe Dow was also weighed by Visa Inc, which slumped 4.7% after Amazon.com Inc said it would stop accepting cards issued by the operator in the UK due to the high transaction fees.read more\nWhile strong retail data this week showed a rise in inflation has not stifled economic growth so far, investors fear that further increases in prices could hurt growth and push the Federal Reserve into tightening policy ahead of schedule.\n\"You've got inflation at a 31-year high, but we're at the lowest interest rates we've ever had, so those things just don't connect,\" said Salem Abraham, portfolio manager of the Abraham Fortress Fund.\nHe added while supply chain issues would ease as COVID moved to endemic status, the huge increase seen in money supply would ensure inflation would remain a serious problem for years.\nContrasting comments from Fed Presidents James Bullard and Mary Daly on Tuesday also brewed more uncertainty in markets.\n\"The Fed will hold as long as they can ... But if (inflation) continues to go higher, and you continue to see inflationary pressure, then it becomes a question of how many and how often will (rates) rise,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.\nStrong retail earnings this week will round off an upbeat third-quarter earnings season, which had pushed Wall Street indexes to record highs.\nChipmaker Nvidia Corp dropped 3.1% ahead of its earnings reported after the bell on Wednesday. The wider Philadelphia semiconductor index(.SOX)ended 0.7% lower after a record finish the previous day.\nThe Dow Jones Industrial Average(.DJI)fell 211.17 points, or 0.58%, to 35,931.05, the S&P 500(.SPX)lost 12.23 points, or 0.26%, to 4,688.67 and the Nasdaq Composite(.IXIC)dropped 52.28 points, or 0.33%, to 15,921.57.\nElectric vehicle makers were broadly positive. Tesla and Canoo both gained 3.3%, the latter after forecasting it would start U.S. production sooner than expected. Sono Group NV surged 155% on its Nasdaq debut.\nBut Rivian Automotive Inc tumbled 15.1% as investors locked in gains from a near 71% winning streak since the stock's listing last week.\nVolume on U.S. exchanges was 10.6 billion shares, compared with the 11.09 billion average for the full session over the last 20 trading days.\nThe S&P 500 posted 41 new 52-week highs and six new lows; the Nasdaq Composite recorded 115 new highs and 244 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}