S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference
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- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Oil prices jump 4% as fresh US-Iran fighting stokes supply fears
- Two Saudi tankers struck in Strait of Hormuz Monday
- Dell again lifts forecasts as AI demand powers record results
- Fed’s Barr backs rate hike if inflation fails to cool, September odds hit 66%
BofA: Sell Side Indicator (SSI) sentiment barometer falls in April
May 1, 2024 6:19 AM EDTThe Bank of America Sell Side Indicator (SSI) fell to 54.6% in April after rising over the prior two months, according to the firm in a note Wednesday.
The indicator is BofA's contrarian sentiment barometer, tracking sell-side strategists' average recommended allocation to equities in a balanced fund.... More
