The global business elite will gather for the Wold Economic Forum this week after a two-year hiatus. Wall Street is poised for more market pain is recession fears mount. Investors await a rash of economic data. Fed meeting minutes are set for release.
Stocks made new 2022 lows in Friday’s session, as the S&P 500 secured its seventh straight weekly loss and the Dow Jones Industrial Average logged its eighth consecutive weekly drop. With that in mind, let’s start with the latter for our top stock trades. Top Stock Trades for Monday No. 1: Dow Jones ETF (DIA) Click to EnlargeSource: Chart courtesy of TrendSpider As you can see on the chart here, the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) is down for its eighth-straight week. On the
U.S. stocks rose on Friday, though the major indexes still headed for steep weekly losses as concerns over the resilience of corporate profits in the face of inflation resurged this week.