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Stock impact report

Don't look for a stock market bottom until a soaring dollar cools down. Here's why. [MarketWatch]

Cullen/Frost Bankers, Inc. (CFR) 
Last cullen/frost bankers, inc. earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: frostbank.com/investor-relations
Company Research Source: MarketWatch
It will be difficult for the stock market to stop its slide and find a bottom as long as the U.S. dollar keeps soaring versus its rivals, according to market analysts. Global stocks suffered a bruising week, with the S&P 500 on Friday narrowly avoiding its lowest close of the year . At the same time, a key U.S. dollar index soared to a two-decade high, with the greenback soaring versus rival currencies and sowing volatility across financial markets. See: These 20 stocks in the S&P 500 skidded as much as 21.5% during another brutal week for the market After the Fed raised its key policy rate by 75 basis points on Wednesday, currencies such as the euro EURUSD, British pound GBPUSD, and Japanese yen USDJPY, further plunged, while the U.S. dollar Index DXY, on Friday rose to its loftiest level since 2002 and recorded the biggest weekly advance since March 2020. The pound fell to a 37-year low against dollars on Friday, while euro dropped below $0.98 for the first time. The en tan Show less Read more
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