Stocks slip a second day | Fed's Bullard on rate hikes | Unloved stocks showing favorable signs

The latest comments from Federal Reserve officials suggest their rate-hiking campaign is far from over.

VIEW IN BROWSER | SUBSCRIBE THU, NOV 17, 2022 EVENING BRIEF AS OF THU, NOV 17, 2022 • 04:51 ET DJIA +% + S&P 500 +% + NASDAQ +% + Most Active DOW NAME LAST CHG %CHG AAPL 150.72 +1.93 +1.30% CSCO 46.59 +2.20 +4.96% INTC 29.89 +0.36 +1.22% S&P 500 NAME LAST CHG %CHG AMD 73.90 +1.20 +1.65% AMZN 94.85 -2.27 -2.34% AAPL 150.72 +1.93 +1.30% NASDAQ NAME LAST CHG %CHG AMD 73.90 +1.20 +1.65% AMZN 94.85 -2.27 -2.34% AAPL 150.72 +1.93 +1.30% EDITOR'S NOTE Stocks dropped for a second session Thursday, as investors weighed the latest comments from Federal Reserve officials that signaled the central bank is far from a pause in its rate-hiking campaign.    St. Louis Fed President James Bullard suggested in a speech Thursday that the policymakers should raise the fed funds rate to somewhere between 5% and 7% — a range that is higher than the market is pricing.    "The change in the monetary policy stance appears to have had only limited effects on observed inflation, but market pricing suggests disinflation is expected in 2023," Bullard said.   Those comments sent the major averages lower, and drove bond yields higher, as recession fears resurfaced on Wall Street. Stocks vulnerable to a downturn lagged the S&P 500. Meanwhile, a range of mixed economic signals are leading some investors to conclude the central bank can manage a soft landing for the economy. But others on Wall Street took a more bearish view.    "We don't share this ambivalence," Ethan Harris, head of global economics research at Bank of America, wrote in a Thursday note. "Absent a surprisingly fast drop in underlying inflation we think the Fed will very likely push the economy into a recession that is likely a bit bigger than what other recession forecasters assume."    "We suspect that this high-probability bad outcome is not fully priced into risk assets," Harris added.  Sarah Min | Investing Reporter at CNBC Pro @_sarahmin Watch our live stream for all you need to know to invest smarter. TOP NEWS  S&P 500, Nasdaq close lower for a second day as investors weigh outlook for higher interest rates Never seen 'such a complete failure' of corporate controls, says new FTX CEO who also oversaw Enron bankruptcy Nancy Pelosi to step down as House Democratic leader after two decades, with GOP set to take narrow majority Fed's Bullard says rate hikes have had 'only limited effects' on inflation so far Bill Miller keeps betting big on this energy stock, which is up 60% this year Emoji for expenses, penthouses and slipshod accounting: The most damning details from new FTX CEO's report Biden administration will ask Supreme Court to allow student loan debt relief program to resume Elon Musk sets more in-office requirements at Twitter, threatens lax managers Wolfe Research says these unloved stocks are starting to show favorable signs heading into 2023 Ticketmaster's largest shareholder blames massive demand − including from bots − for Taylor Swift ticket fiasco TOP VIDEO Binance decided FTX was beyond saving after two-hour review of company's balance sheet CNBC PRO It's 'early innings' in the fertility market. Here's how to play the booming business with under-the-radar names SPECIAL REPORTS 4 tips for maximizing the impact of your charitable donations during the season of giving Average 401(k) balances plunged 23% year-over-year due to market volatility, Fidelity says Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS