Stocks with that trait have “rewarded” this year, with the trend likely to continue until the market turns more bullish, according to Wilson. Professional subscribers can read more here. — Zavier Ong
Bank of Japan likely to keep control of yield curve for rest of 2022: DBS
Substantial adjustments to the Bank of Japan’s policies are likely to come only after the central bank’s leadership changes in mid-2023, DBS Group Research said in a note on Tuesday. However, the BOJ may consider some “policy optimization,” such as widening the target range by 10 basis points, in response to market pressures, analysts wrote. He added that “regardless of intervention,” the dollar-yen could test 147.66 last seen in August 1998, adding that they did not rule out USD/JPY pushing above 150 “without a hard landing in the U.S. which will lead to Fed cuts.” — Abigail Off
Stock futures open lower
U.S. stock futures fell on Wednesday night after a volatile session in the major averages, as investors weighed another big rate hike by the U.S. Federal Reserve. Dow Jones Industrial Average futures were down 16 points, or 0.05%. S&P 500 and Nasdaq 100 futures fell 0.19% and 0.31%, respectively. — Sarah Minn
Stocks slide, Dow closes 522 points lower in choppy session
Stocks fell on Wednesday but ended the session deep in the red after the Federal Reserve announced another 75 basis point interest rate hike. The Dow Jones Industrial Average lost 522.45 points, or 1.7%, to close at 30,183.78. The S&P 500 fell 1.71% to 3,789.93 and the Nasdaq Composite fell 1.79% to 11,220.19. — Samantha Subin
