Energy saved US markets last quarter. Now the sector is losing power
CNN
US markets took a beating on Thursday as big bank earnings delivered disappointing results.
Markets and the economy have endured three turbulent months. The Federal Reserve's rate rise regime and Russia's invasion of Ukraine have slammed investor and borrower sentiment. The financial sector is hurting, too. Analysts expect earnings to fall by more than 22% this year—more than any other sector.
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