The Daily Chase: Rate hikes loom over investor sentiment; Cisco forecasts strong sales growth - BNN Bloomberg

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The Daily Chase: Rate hikes loom over investor sentiment; Cisco forecasts strong sales growth - BNN Bloomberg
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📉Markets point to a negative open ‼️ Cisco forecasts sales growth 🏢Brookfield to open an office in Saudi Arabia Here's what you need to know today:

amid mounting concerns over prospects for economic growth and rising rates. At last check, we’re looking at about a 0.6 per cent decline across the S&P 500, Nasdaq and Dow Jones Industrial Average, roughly in line with what we’ve seen in Europe. I won’t pretend to know all the catalysts, but we’ve heard from a raft of U.S. Federal Reserve officials, most notably San Francisco Fed President Mary Daly, who said a pause in rate hikes was “off the table”.

Shares of Cisco Systems are popping in the premarket, up some 4.5 per cent, after the company delivered a bullish outlook through the end of the year. The company says sales for the quarter ending in January will be up somewhere between 4.5 and 6.5 per cent, topping Wall Street forecasts.

Shares of Kohl’s are down about four per cent in the premarket after the company pulled it’s full-year outlook, pointing to volatility in the retail market. Flip side – shares of Macy’s are rallying some eight per cent after the company topped quarterly earnings expectations and raised its outlook.Notable data: U.S. Initial Jobless Claims, U.S. Housing Starts & Building Permits, Phila. Fed Index

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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