Sea Limited ( SE -0.43% ) stock had a down day on Monday, but it still beat the performance of the S&P 500 index. The former lost 0.4% of its value across the trading session, but that was smooth sailing compared to the index’s 1.7% drop. At least some of this was due to a high-profile investment bank’s effective endorsement of the stock.
European stocks off lows after U.S. inflation print; banking stocks fall; Deutsche Bank tanks 8%,
European markets fell Tuesday as traders monitored heavy selling in the banking sector and U.S. inflation data, and looked ahead to key central bank meetings.
Overheating job market ‘has raised the risk of recession meaningfully’: Goldman
Goldman Sachs isn’t yet ready to join the chorus of its peers in calling a U.S. recession, but it sure appears to be inching closer to that frenzied camp.