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US Stocks Fall for Fourth Consecutive Day, Investors Question High Valuations
Summary: According to Jinshi News, US stocks fell for the fourth consecutive day as investors questioned high valuations amidst a flurry of retail performance disclosures and the upcoming central bank annual meeting. The S&P 500 index dropped by 0.7%, while the Nasdaq fell by over 1%. Howard Marks, Co-Chairman of Oaktree Capital Management, stated that stock ...
According to Jinshi News, US stocks fell for the fourth consecutive day as investors questioned high valuations amidst a flurry of retail performance disclosures and the upcoming central bank annual meeting. The S&P 500 index dropped by 0.7%, while the Nasdaq fell by over 1%. Howard Marks, Co-Chairman of Oaktree Capital Management, stated that stock valuations are expensive compared to fundamentals. Torsten Slok, Chief Economist at Apollo Management, pointed out that consumer spending is under pressure due to reasons such as slowing job growth, resumption of student loan repayments, and an increase in the number of people being evicted.
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Link: US Stocks Fall for Fourth Consecutive Day, Investors Question High Valuations [Copy]
