Markets Rebound But Uncertainty Remains Amid Rate Hikes, Ukraine War, and Pharmacy Staff Walkouts
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Markets bounced back on Monday after a rough prior week, but fears linger about high bond yields, Fed rate hikes, geopolitical conflict, mixed tech earnings, and pharmacy staff walkouts.
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The 10-year Treasury yield remains elevated, contributing to bond market woes and putting pressure on stocks and mortgages.
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The Fed's next rate decision is Nov 2, but mixed data means investors aren't expecting clarity on future hikes.
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Apple unveiled its new M3 chip series, powering faster MacBook Pros and iMacs with advanced graphics and AI capabilities.
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CVS and Walgreens employees began 3-day walkouts over working conditions, potentially impacting operations and prescription filling.