U.S. stocks tumbled Friday immediately after the Federal Reserve’s most closely viewed inflation measure arrived in stronger than predicted, in yet another signal that value pressures have develop into sticky into 2023. The S&P 500 (^GSPC) sank 1.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, even though the Dow Jones Industrial Normal (^DJI) plopped much more than […]
hotterthanexpected
U.S. stocks turned positive Wednesday as investors digested a key report on the state of inflation in the U.S., which came in hotter-than-expected across most major metrics. The S&P 500 ros by about 0.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} intraday, shaking off losses from just after market open. The Nasdaq and Dow each also turned […]