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MarketWatchOct 23, 2021
NewsWatch: Big Tech stocks are the market's superstars but rising rates could bring them down
Mega-cap stocks struggle when borrowing costs rise.

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MarketWatchOct 22, 2021
Market Snapshot: Dow ends at all-time high, U.S. stocks book weekly gains despite tech under pressure
The Dow Jones Industrial Average closes at a record high Friday, its first such milestone since August, with U.S. stock benchmarks booking weekly gains on optimism surrounding third-quarter earnings, even as shares of technology companies fell under pressure.

MarketWatch MarketPulseOct 22, 2021
Stock market briefly takes a U-turn lower Friday as Tepper says market isn't a great investment now, Powell hints a rate hike
U.S. stock indexes were turning lower midday Friday, with the main benchmarks retreating from records to end an otherwise strong week of gains, as investors digested comments from Federal Reserve Chairman Jerome Powell. Some of the shift lower in sentiment intraday als was blamed on comments from hedge-fund luminary David Tepper, who said he didn't think stocks were "a great investment right here," in an interview with CNBC on Friday. "I just don't know how interest rates are going to behave next year... I don't think there's any great asset classes right now... I don't love stocks," he told the business network. The Dow Jones Industrial Average [ : DJIA] was up less than 0.1%, while the S&P 500 index was off 0.3% and the Nasdaq Composite Index was nearly 1% lower. Powell told the BIS that the job market could reach maximum employment next year, achieving one of the Fed's central mandates, which he said would meet one requirement for a rate hike.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseOct 22, 2021
Stocks open mostly lower after disappointing tech earning
Stocks opened mostly lower Friday, with the Nasdaq Composite leading the way to the downside after disappointing tech earnings.The Dow Jones Industrial Average shook off the weaker tone, rising 66 points, or 0.2%, to 35,669, while the S&P 500 was down less than 0.1% at 4,548 after closing at a record Thursday. The tech-heavy Nasdaq was off 0.3% at 15,164. Shares of chip maker Intel Corp. dropped 11% after reporting disappointing sales.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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