Closing Bell: Choppy session for stocks, Figuring out the Fed, Tesla’s terrible week 10/10/22
Stocks kicked off the week on shaky footing following a big selloff over the past few sessions, and ahead of key inflation data on Thursday. Markets moved on comments from Fed officials, including vice chair Lael Brainard, and on a warning from Jamie Dimon about the pain yet to come. Sahak Manuelian from Wedbush breaks down the latest signals from the central bank and how they factor into his strategy. Bernstein’s Toni Sacconaghi discusses more weakness for tech, and his outlook for Tesla after the company turned in its worst week in years. The president of Dow component Honeywell talks about how global macro concerns are impacting his business. Plus the latest on the pullback in chips, cloud stocks, GM, and Ford.
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