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Groups that disappointed on both profit and sales have underperformed the market by almost 7%
Copper shoots higher on hopes China will soon loosen Covid-19 curbs
Short-term Treasury yields hit highest level since 2007 as markets bet Fed will push rates above 5%
S&P 500 falls 2.5% and Nasdaq Composite drops 3.4% in volatile afternoon trading
Fresh surge in new client money contrasts $790bn suffered by mutual funds
Investors scrutinise earnings for clues on how corporate America is faring
Apple shares have biggest one-day gain in over two years, helping to offset Amazon’s decline
Plus tail risk investing
Shares in Meta slide more than 24% after Facebook owner reports another quarter of declining revenues
Ecommerce group’s third-quarter revenue up 22% on last year but operating losses widen
Shares in two tech bellwethers suffer biggest one-day drop in two years
Price of gilts advance further as Rishi Sunak is confirmed as UK prime minister
European shares rally even after PMI slides to lowest level since 2020
And will work now
Saba Capital’s Boaz Weinstein says he is ‘very pessimistic’ about the investing climate
Strong profit growth forecasts to catch up with reality of a weaker economy
Higher borrowing costs make more speculative companies less appealing
The S&P 500 and Nasdaq Composite record largest weekly gains since June
Look for value in unloved sectors such as carmaking
Early gains evaporate as S&P 500 gives up 0.8%
Netflix jumps after better than expected subscriber figures
UK government’s U-turn on tax cuts supports sentiment
Three-quarters of US companies that listed in 2019-21 now trade below offering price
Pound advances after new UK chancellor takes action to calm markets
Pound falls as governor of UK central bank rules out continuation of emergency bond-buying beyond Friday
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