Nasdaq Erases Decline, Up Slightly, S&P 500 Still Down 0.4%
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- Wall Street closes lower as oil prices jump, indexes notch monthly gains
- The Warsh pivot markets didn't expect
- Oil settles up by more than 2.5% as US and Iran resume military attacks
- Energy stocks rally as fresh U.S.-Iran attacks drive oil prices higher
- BofA turns S&P 500 signals from red to yellow: What to buy now
JPMorgan on Dramatic Empire State Survey Drop, 'one of its weakest readings on record (back to 2001)'
August 15, 2022 9:41 AM EDTJPMorgan on Dramatic Empire State Survey Drop
Analyst Daniel Silver comments "The August Empire State manufacturing survey was disappointing and pretty downbeat in terms of its headline and several key components. The headline index dropped from 11.1 in July to -31.3 in August, hitting one of its weakest readings on record (back to 2001). And the new orders index fell to -29.6 and the shipments measure dropped to -24.1,... More
