(click image for larger) Stocks were lower on Friday, as investors’ concerns over rising inflation and rates, and slowing economic growth led to the largest weekly drop since March. The financial sector also underperformed the market, as earnings reports from some of the biggest banks were in.
Minutes from the latest Federal Reserve meeting released on Thursday showed the central bank was considering further interest rate hikes if data continues to improve. The message on the dollar was also a negative, after it slid against most major currencies. As of Friday, over 7,500 investors, traders and analysts had commented on this story. Most thought the Fed would raise interest rates at least three times this year, but many thought four increases were possible.
Retail Sales Were Very Weak in September, Mostly Due to Lower Gasoline Prices
Retail sales were notably weak in September, declining for the second month in a row. With gas prices having fallen sharply, sales of gas and motor vehicles were especially weak. Import prices jumped, contributing to the rise in the annual rate of inflation, in line with the Fed’s expectations.
Amarista stood at $27.27 at last night’s close, down $0.74 or 2.48 percent for the day.
Electronic Classified Ad Rates Set to Jump in 2019, According to GlobalWebIndex
There has been a rush among ecommerce marketers to bid on space in the online classified ads, according to a survey by the data and analytics provider GlobalWebIndex. Marketers will see online ad rates soar in 2019 to over $1,000 per thousand impressions on ecommerce platforms. That’s significantly higher than the current costs of about $400 per thousand on most classified sites.