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Stock impact report

The Daily Chase: Markets sink on recession fears; Tech earnings disappoint [Business News Network (BNN) (Canada)]

Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) 
Aside from in China, major markets across Asia and Europe are sliding, and U.S. futures are indicating the rout will continue at the opening bells. That's after the S&P 500 fell the most since June 11, 2020, in yesterday's session. Here's a basic question: did Target's profit warning as it navigates inflationary pressure really justify losing 24.93 per cent of its value in a single session? What does that tell us about market psychology? And, most importantly, what's an investor to do? We'll gather perspective from investing professionals, starting with long-time BNN Bloomberg/BNN/ROBTv guest Gavin Graham at 8 a.m. Sidebar for our market coverage: our Bloomberg News partners are highlighting a call by Goldman Sachs equity strategists who told clients “ a recession is not inevitable .” Can't wait to hear what Canada Pension Plan Investment Board CEO John Graham has to say about the macro environment when he joins Andy at 3:30 p.m. TECH UNDER THE MICROSCOPE Cisco Systems shares ar Show less Read more
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