Stocks hold relatively steady after worst rout in two months
The Village of Plymouth is now accepting applications for the swimming pool. We are currently looking for a pool manager, assistant manager, and lifeguards. Guards already licensed are preferred, but not required. You must be 15 years old to obtain your license. The Village of Plymouth is an equal opportunity employer. Applications may be obtained online at www.plymouthoh.org under ìvillage Jobsî or picked up at the Village Office, 48 W. Broadway, Plymouth and returned there no later than March 10, 2023.
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U.S. Bank Trust National Association, as Trustee for Towd Point Master Funding Trust 2021-PM1 -vs- UNKNOWN HEIRS, BENEFICIARIES, FIDUCIARIES, DEVISEES AND DONEES OF ELLA M HAMONS et al. LEGAL NOTICE Unknown Heirs, Beneficiaries, Fiduciaries, Devisees and Donees of Ella M Hamons, whose present place of residence is unknown; Jon Paul Hamons, whose last place of residence is known as 24 West High Street, Apt B, Plymouth, OH 44865, but whose present place of residence is unknown; and Unknown Spouse, if any, of Jon Paul Hamons, whose present place of residence is unknown, will take notice that on August 24, 2022, U.S. Bank Trust National Association, as Trustee for Towd Point Master Funding Trust 2021-PM1 filed its Complaint in Case No. 2022 CV 0430 N in the Court of Common Pleas of Richland County, 50 Park Avenue East, Mansfield, OH 44902, seeking foreclosure and alleging that the Defendants Unknown Heirs, Beneficiaries, Fiduciaries, Devisees and Donees of Ella M Hamons, Jon Paul Hamons and Unknown Spouse, if any, of Jon Paul Hamons have or claim to have an interest in the real estate described below: Permanent Parcel #: 0105210107000 Property Address: 60 N Pettit St, Shiloh, OH 44878 The Defendant(s) named above are required to answer on or before the 30th day of March, 2023. U.S. Bank Trust National Association, as Trustee for Towd Point Master Funding Trust 2021-PM1 BY: LOGS Legal Group LLP Kerri N. Bruckner 4805 Montgomery Road, Suite 320 Norwood, OH 45212 (513) 396-8100 02/16/23, 02/23/23, 03/02/23
NEW YORK (AP) — Stocks are holding relatively steady on Wall Street Wednesday, a day after falling to their worst loss since December on worries about higher interest rates.
The S&P 500 was little changed in morning trading after drifting between small gains and losses. The Dow Jones Industrial Average was up 18 points, or less than 0.1%, at 33,145, as of 11:02 a.m. Eastern time, while the Nasdaq composite was up 0.2%.
After leaping at the start of the year, stocks hit a wall in February on worries that inflation may not be cooling as quickly or as smoothly as hoped. That has Wall Street upping its forecasts for how high the Federal Reserve will take interest rates, as well as for how long it will keep them at that level.
High rates can help drive down inflation, but they raise the risk of a recession because they slow the economy. They also hurt investment prices.
Yields in the Treasury market have shot higher this month after several stronger-than-expected reports on the economy forced the recalibration by Wall Street, which had earlier built bets that easing inflation would get the Fed to take it easier on interest rates soon.
The yield on the 10-year Treasury is near its highest level since November. It pulled back a bit from its surge on Tuesday, dipping to 3.90% from 3.95%. That helped take some pressure off stocks on Wednesday.
The two-year yield, which moves more on expectations for the Fed, fell to 4.64% from 4.73%. It's also been near its highest level since November. If it tops that level, it would be at its highest since 2007.
Traders have in recent weeks reduced bets that the Fed could cut rates later this year. Now they're in closer alignment with what Fed officials have been telling the market for months, if not preparing for even more.
Investors are penciling in at least two more rate hikes of 0.25 percentage points. They're even talking about the possibility that the Fed may consider going back to increases of 0.50 points.
The Fed has brought its main overnight rate up to a range of 4.50% to 4.75%, up from virtually zero at the start of last year, in its drive to stamp out high inflation. It's also said it envisions no cuts to rates this year.
It will release the minutes from its last policy meeting in the afternoon, which could cause more swings for markets.
Its next move on rates will be next month. Traders see a nearly four-in-five chance that the Fed will raise rates by 0.25 points, according to CME Group. They see a 21% chance of a hike of 0.50 points. A month ago, traders had a similar amount of bets saying the Fed wouldn't raise rates at all in March.
A relatively lackluster earnings reporting season for big U.S. companies is winding down, and some of Wednesday's biggest losers dropped despite reporting better results for the latest quarter than expected. That's because investors have been putting more emphasis on what companies say about their upcoming results, with worries high about rising costs and high inflation eating into profits.
Charles River Laboratories dropped 12.9% despite topping forecasts for the latest quarter. It said it received a U.S. Justice Department subpoena related to shipments of non-human primates that the company received from its supplier in Cambodia. The company said it voluntarily suspended such shipments, which pushed it to cut its forecast for revenue this upcoming year.
Keysight Technologies tumbled 14.3% for the largest loss in the S&P 500 despite also reporting stronger profit and revenue for the latest quarter than expected. Analysts pointed to its reporting of softer orders than forecast.
On the winning side was Diamondback Energy, which rose 1.7% after it reported a stronger profit for its latest quarter than analysts expected.