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Inflation
US shares closed in a bear market on Monday soon after a dramatic late-session promote-off, while govt bond yields soared, with buyers unnerved about stubbornly higher inflation and the prospect of intense financial tightening by central banks. Wall Street’s equities benchmark S&P 500 slid 3.9 per cent in New York […]
Developing Story Dow eases from 800+ point selloff Symbol Price Change {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}Change I:DJI $30,575.41 -817.38 -2.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} BA $127.00 -6.73 -5.03{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} DOW $58.67 -3.19 -5.16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} IBM $136.19 -1.77 -1.28{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} KO $61.41 -0.39 -0.63{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} All 30 Dow components traded lower mid-morning led by Boeing and Dow Chemical. Coke and McDonald’s notched modest […]
U.S. stocks traded sharply lower Monday, with traders betting a fresh decades-high print on inflation will force the Federal Reserve to get even more aggressive than previously anticipated to help ease rising prices. The Nasdaq fell as much as 4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in morning trade, while the S&P 500 dropped over 3.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} […]
Economists trying to find a sign that the country’s financial wellness was turning a corner ended up remaining reeling right after the federal government launched info indicating that inflation rose at a rate not observed in a lot more than four many years. Client charges surged 8.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} previous thirty day […]
U.S. stocks sank Friday as investors digested two downbeat prints on the U.S. economy. May data on inflation showed price increases unexpectedly accelerated last month, with consumer prices rising 8.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} year-over-year in May, the most since 1981. Consumer sentiment data released Friday morning came in at a record low, as […]