Wall Street Braces for Fed Hike as Investors Flee Stocks

$14.2 billion — that's how much cash fled U.S. equity funds over the past three weeks, the largest outflow since January, signaling deep unease ahead of the Federal Reserve's rate decision.

Money Moves

• Adobe (ADBE) — JPMorgan lowered its price target to $315 from $340, but kept an Overweight rating, calling shares cheap ahead of an AI monetization recovery.
• Coinbase (COIN) — Morgan Stanley initiated coverage with an Equal-weight rating and a...