Online used car company Carvana Co (NYSE: CVNA) has had a rough year in 2022 with shares down 97%. One analyst was throwing in the towel and thought shares could actually fall further.
This week, the market has flattered only to deceive. After starting with two strong sessions, the momentum faded midweek as the data-dependent Federal Reserve kept traders on tenterhooks.
Come Friday, traders would get to digest key economic data that could have a say on the central bank’s upcoming rate decisions for the year.
Apple Inc. (NASDAQ: AAPL) recently sent out invitations to its “Far Out” event slated to be held at the Steve Jobs Theater in Cupertino, California on Sept. 7.
Investor sentiment has suffered dramatically due to the recent market downturn brought on by rising inflation, the Fed's aggressive policy and concerns about the impending economic recession.