Stock Market Today – 9/7: Stocks Turn Lower As Fed Rate Bets Accelerate, China Trade Data Rattles Growth Prospects

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The Street

By Martin Baccardax Bets on another jumbo Fed rate hike, as well as weak China export data, has stocks on the back foot Wednesday. Wall Street futures edged modestly lower Wednesday, while the dollar continued to push through multi-decade highs against its global peers, as weakening growth prospects in Europe and China push global investors deeper into U.S. assets. Stocks were pushed lower in pre-market, as well, following a Wall Street Journal piece that suggested Fed Chair Jerome Powell is likely to deliver a 75 basis point rate hike later this month in Washington. Trade data overnight from …

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