Stocks fell on Tuesday as investors eyed the conclusion of the Federal Reserve’s meeting on Wednesday.
CNBC's Jim Cramer on Tuesday said that any rallies in the market will be short-lived as long as inflation remains persistent.
"Sometimes you don't need to know the price of the Dow, you just need to know the price of Kerrygold butter or a Lennar three-bedroom," the"Mad Money" host said. CNBC's Jim Cramer on Tuesday said that any rallies in the market will be short-lived as long as inflation remains persistent. "Sometimes you don't need to know the price of the Dow, you just need to know the price of Kerrygold butter or a"If they come down — not just versus last year, but versus two years ago or three years ago — then your stocks can maintain, if not go higher," he added.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks end sharply lower as investors await Fed decisionStocks stumbled Tuesday, ending sharply lower and erasing the previous session's gains as investors awaited a Federal Reserve rate decision that's expected to deliver another jumbo increase. The Dow fell around 313 points, or 1%, to end near 30,707.
Read more »
Stocks Making the Biggest Moves Midday: Tellurian, Wynn Resorts, Snap, Walgreens and MoreTellurian — The liquified natural gas company (LNG) surged 19.4% after Credit Suisse upgraded Tellurian to outperform, saying LNG prices are high and may continue to be for the foreseeable future.
Read more »
Asian stocks brace for salvo of central bank hikesMarkets idled as investors braced for a week with 13 central-bank meetings that are certain to see borrowing costs rise.
Read more »
Indonesia trimming palm oil stocks with discounts, India salesIndonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month's Diwali festival, industry officials said.
Read more »
US stocks rise ahead of expected interest rate hike by FedStocks closed higher on Wall Street after swaying between small gains and losses much of the day as investors brace for another big interest rate increase this week from the Federal Reserve.
Read more »
US stocks fall broadly ahead of key Fed decision on ratesStocks have been slumping and Treasury yields rising as the Fed raises the cost of borrowing money in hopes of slowing down the hottest inflation in four decades.
Read more »