Angel Adegbesan

Morgan Stanley’s Michael Wilson says he still sees some 20% downside on some of the big technology and meme stocks, without specifying which ones.

(Bloomberg) -- Morgan Stanley’s Michael Wilson says he still sees some 20% downside on some of the big technology and meme stocks, without specifying which ones. Most Read from BloombergMeta Plans Thousands More Layoffs as Soon as This WeekUS Banks Are Finally Being Forced to Raise Rates on DepositsTrump’s Threat of a Third-Party Run Is Undercut by ‘Sore Loser’ LawsTesla Slashes Model S and X Prices for the Second Time This YearChina Warns US Risks Catastrophe With Moves to ‘Contain’ BeijingThe

Las acciones tecnológicas se beneficiaron de una semana tumultuosa para los mercados globales, a medida que aumentaba la preocupación de que la agitación que sacude al sector bancario lleve a la economía global a una recesión.

Technology stocks were the beneficiary of a tumultuous week for global markets as concern mounted that the turmoil rocking the banking sector will tip the global economy into recession.

US stocks almost erased session losses in holiday-thinned late afternoon trading as investors contemplate one more Federal Reserve interest-rate hike following Friday’s US jobs data.

Las acciones estadounidenses registraron un avance mientras que el dólar subió en las operaciones tras las festividades. Los inversionistas consideran un aumento más en las tasas de interés de la Reserva Federal luego de los datos de empleo de Estados Unidos del viernes.

CDC’s new recommendations allow for adults 65 and older and immunocompromised adults to get a second dose of the bivalent Covid-19 vaccine, the agency said in an emailed statement.

La especulación de los inversionistas en torno a que la Reserva Federal reducirá las tasas pronto continúa respaldando los precios de las acciones, una estrategia cargada de riesgo porque significa que “las cosas realmente están débiles”, dijo en Bloomberg Surveillance Lisa Shalett, de Morgan Stanley.

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An 8.5% gain in May for Eli Lilly lifted its shares to a record high, while displaced Johnson & Johnson slumped 5.3% during the month.