The Bank of England raised its key interest rate on Thursday as well and indicated more hikes were likely. However, investors bet that the BoE might be getting close to the end of its increases in borrowing costs.
Major stock indexes closed lower on Thursday, pausing after a strong start to the week. Investors digested corporate earnings and looked for progress toward a
Honeywell Aerospace shares dropped significantly after supply-chain problems impacted sales targets. The company lowered its annual sales growth outlook for 2026 significantly. Analysts expressed concern
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