U.S. stocks fall for a fourth consecutive day as investors question lofty valuations
According to ChainCatcher, citing Jintou, U.S. stocks declined for the fourth consecutive day as investors questioned lofty valuations ahead of a flurry of retail earnings reports and the upcoming central bank symposium. The S&P 500 fell 0.7%, while the Nasdaq dropped more than 1%. Howard Marks, co-chairman of Oaktree Capital Management, stated that stock valuations are expensive relative to fundamentals. Torsten Slok, chief economist at Apollo Management, pointed out that consumer spending is under pressure due to factors such as slowing job growth, the resumption of student loan repayments, and an increase in evictions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Stablecoin issuer Figure Technology Solutions rises 44% on first day of US IPO
Gold breaks record again, price surpasses inflation-adjusted peak from 45 years ago
Galaxy purchases $326 million worth of SOL in Multicoin’s DAT Forward
Trending news
MoreCrypto prices
More








