MARKET RECAP

The stock market’s four-week winning streak came to a close as US equities fell by 1.47%. The cheery optimism that the Fed may apply the brakes to aggressive interest rate hikes was notched down a bit based on the release of the minutes from the Fed’s July meeting and comments from central-bank officials.

Bed, Bath & Beyond showed that even after the big sell-off in 2022, speculators were quick to go back to their old ways, as the stock was up by 122% since July 1 (despite any positive news), and then fell by 41% on Friday when it was revealed that billionaire Investor Ryan Cohen sold off his entire investment.

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