S&P 500 Extends Decline, Down 0.8%, Nasdaq Down 1.3%
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- S&P 500 struggles for direction as investors await Mideast deal; software stocks slideĀ
- Trump held multiple undisclosed calls with Fed Chair Warsh, reports say
- Sandisk unveils underwhelming outlook despite AI demand surge; shares slip
- Alphabet taps bond market with sweeping 10-part offering to fuel AI ambitions
- Citi says buy the pullback in memory stocks as upcycle is still in early innings
- Salesforce president Srini Tallapragada steps down, becomes advisor
- Sandisk (SNDK) Tops Q4 EPS by $4.66, Offers Guidance
- EverCommerce names Alex Goor as new CEO, founder steps down
- Crude Inventory Rose 2.5 Million Barrels Last Week - EIA
- AMD shares slide 8% after Musk flags plans to buy Nvidia chips for SpaceX
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
- After-Hours Movers: SPCX, AMD, ANET, PINS, APPS, UPST, ZETA, BKNG, LCID, CPNG, MTCH
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Cathie Wood Says the Fed is Likely Making a Policy Error in Open Letter
October 10, 2022 11:39 AM EDTIn an open letter to the Federal Reserve on Monday, ARK's Cathie Wood said the central bank is making a policy error that will cause deflation.
"In the face of conflicting data, the unanimity of the Fed's last decision to increase the Fed funds rate by 75 basis points was surprising," wrote Wood.
She stated that the Fed is focused on employment and headline inflation, which Wood explained are both... More

