I come from the future.
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Markets Today: Less US confidence, tough talking ECB
podcast The positive tone that took hold in the Asian afternoon helped by news of China easing quarantine restrictions for inbound travellers turned sharply through the US session, the obvious culprit being a softer-than-expected consumer confidence reading. US equities opened higher, but tracked lower through the day, the S&P500 closing 2.0% lower. The 2.0% fall in the S&P500 takes losses to 15.7% quarter-to-date and puts it on track for its worst first-half performance since 1970 , down more than 19% this year. Declines were led by consumer discretionary and IT, with energy the only industry in the green, managing ... (full story)