{"id":59076,"date":"2023-09-09T23:51:12","date_gmt":"2023-09-10T03:51:12","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/sp-500-gives-up-gains-as-fed-fears-persist\/"},"modified":"2023-09-09T23:51:15","modified_gmt":"2023-09-10T03:51:15","slug":"sp-500-gives-up-gains-as-fed-fears-persist","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=59076","title":{"rendered":"S&#038;P 500 gives up gains as Fed fears persist"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Investing.com &#8212; The S&amp;P 500 was flat Friday, despite a rise energy and tech, but remained on course to end the week in the red as fears that the Fed may have to persist with higher for longer rates weighed on sentiment.<\/p>\n<p>The  was flat, the  rose 0.03%, 11 points,  fell 0.1%.<\/p>\n<h2>Energy heads for winning week as oil prices rally<\/h2>\n<p>Energy stocks led the market higher, rising more than 1% as oil prices continued to be buoyed by recent supply cut extensions by Saudi Arabia and Russia.<\/p>\n<p>The supply cuts will \u201cultimately see the drawdown in inventories accelerate into year end,\u201d ANZ Research said in a recent note.<\/p>\n<p>Phillips 66 (NYSE:), <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Marathon Oil <\/span><\/span> Corporation (NYSE:), <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Valero Energy <\/span><\/span> Corporation (NYSE:) were among the biggest gainers, with the latter up more than 4%.<\/p>\n<h2>Tech climbs as Apple shrugs off further iPhone crackdown in China<\/h2>\n<p>Apple Inc (NASDAQ:) shrugged off worries about China-led demand weakness even as China reportedly expanded its ban of iPhones to local government workers and state-owned companies.<\/p>\n<p>The move followed a day after reports also suggested that Beijing prohibited central government employees from using foreign devices including iPhones amid national security concerns.<\/p>\n<p>Some on Wall Street, however, have said that the China-led selloff in Apple was overblown.\u201cAny China government agency iPhone ban is way overblown,\u201d Wedbush said in a note.\u201d The China government agency makes up \u201cless than 500,000 iPhones of roughly 45 million, \u201cwe expect to be sold in China over the next 12 months,\u201d it added.<\/p>\n<h2>Kroger delivers beats earnings beat, takes big step to closing Albertsons merger<\/h2>\n<p>Kroger Company (NYSE:) reported second-quarter earnings that topped Wall Street estimates, but revenue missed expectations as grocery prices slowed.<\/p>\n<p>Kroger also said it would pay more than $1 billion to settle opioid claims, and announced that it would sell 413 stores and other assets to C&amp;S Wholesale Grocers in a $1.9 deal to satisfy antitrust concerns.<\/p>\n<p>The merger remains on track to close in early next year.<\/p>\n<h2>DocuSign earnings beat offset by macro fears; Planet Labs falters on earnings stage<\/h2>\n<p><span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> DocuSign Inc <\/span><\/span> (NASDAQ:) reported quarterly results that topped estimates, but the company warned of macro pressures ahead that are likely to dent growth, sending its shares more than 2% lower.<\/p>\n<p>\u201cWhile we are pleased with our results, like many others, we\u2019re seeing continued macro pressures tempering expansion rates,\u201d chief executive Allan Thygesen said the earnings call that followed the results.<\/p>\n<p><span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Planet Labs PBC <\/span><\/span> (NYSE:), meanwhile, fell more than 12% after the satellite imaging company cutting its annual revenue guidance as reporting a wider than expected loss.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/sp-500-gives-up-gains-as-fed-fears-persist-3170932\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Investing.com &#8212; The S&amp;P 500 was flat Friday, despite a rise energy and tech, but remained on course to end the week in the red as fears that the Fed may have to persist with higher for longer rates weighed on sentiment. The was flat, the rose 0.03%, 11 points, fell 0.1%. Energy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-59076","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>S&amp;P 500 gives up gains as Fed fears persist | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Investing.com -- The S&amp;P 500 was flat Friday, despite a rise energy and tech, but remained on course to end the week in the red as fears\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=59076\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P 500 gives up gains as Fed fears persist | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Investing.com -- The S&amp;P 500 was flat Friday, despite a rise energy and tech, but remained on course to end the week in the red as fears\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=59076\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-10T03:51:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-10T03:51:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEB8R0JA_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=59076#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=59076\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"S&#038;P 500 gives up gains as Fed fears persist\",\"datePublished\":\"2023-09-10T03:51:12+00:00\",\"dateModified\":\"2023-09-10T03:51:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=59076\"},\"wordCount\":435,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=59076#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=59076\",\"url\":\"https:\/\/ifintechworld.com\/?p=59076\",\"name\":\"S&P 500 gives up gains as Fed fears persist | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-10T03:51:12+00:00\",\"dateModified\":\"2023-09-10T03:51:15+00:00\",\"description\":\"\u00a9 Reuters. Investing.com -- The S&amp;P 500 was flat Friday, despite a rise energy and tech, but remained on course to end the week in the red as fears\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=59076#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=59076\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=59076#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"S&#038;P 500 gives up gains as Fed fears persist\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"S&P 500 gives up gains as Fed fears persist | iFintechWorld","description":"\u00a9 Reuters. Investing.com -- The S&amp;P 500 was flat Friday, despite a rise energy and tech, but remained on course to end the week in the red as fears","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=59076","og_locale":"en_US","og_type":"article","og_title":"S&P 500 gives up gains as Fed fears persist | iFintechWorld","og_description":"\u00a9 Reuters. Investing.com -- The S&amp;P 500 was flat Friday, despite a rise energy and tech, but remained on course to end the week in the red as fears","og_url":"https:\/\/ifintechworld.com\/?p=59076","og_site_name":"iFintechWorld","article_published_time":"2023-09-10T03:51:12+00:00","article_modified_time":"2023-09-10T03:51:15+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEB8R0JA_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=59076#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=59076"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"S&#038;P 500 gives up gains as Fed fears persist","datePublished":"2023-09-10T03:51:12+00:00","dateModified":"2023-09-10T03:51:15+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=59076"},"wordCount":435,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=59076#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=59076","url":"https:\/\/ifintechworld.com\/?p=59076","name":"S&P 500 gives up gains as Fed fears persist | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-10T03:51:12+00:00","dateModified":"2023-09-10T03:51:15+00:00","description":"\u00a9 Reuters. Investing.com -- The S&amp;P 500 was flat Friday, despite a rise energy and tech, but remained on course to end the week in the red as fears","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=59076#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=59076"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=59076#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"S&#038;P 500 gives up gains as Fed fears persist"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/59076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59076"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/59076\/revisions"}],"predecessor-version":[{"id":59077,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/59076\/revisions\/59077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/4851"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}