Traders get no reprieve from volatility as CPI sends U.S. stocks on wild ride

, as a higher-than-expected U.S. inflation report sent the S&P 500 to its lowest point since November 2020 early in the session only to see stocks rip higher by mid-day, a swing of over 5 percentage points in total. The index was up 2.5% in afternoon trading.

Others believe investors may have taken heart from evidence that inflation may have peaked – a narrative that has burned market participants this year, as consumer prices have stayed high despite a barrage of Fed hikes. Indeed, despite the S&P 500′s wild ride on Thursday, the most recent inflation data does little to help the case for battered stock market bulls.

Still, some investors have been looking past the short-term gloom, citing discounted valuations on U.S. stocks as one reason for cautious optimism.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Google could face EU antitrust charges over its digital advertising business, sources sayThe European Commission launched an investigation into Google’s adtech business in June last year, concerned that the U.S. tech giant may be getting an unfair advantage over rivals and advertisers
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Gilts fall amid U.K. policy confusion; U.S. stocks rise - BNN BloombergGilts fell and the pound whipsawed as traders struggled to make sense of U.K. policy. U.S. futures and European stocks rose ahead of Thursday’s inflation report.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

TSX is plunging even deeper into the red than U.S. stocks todayTSX fell as worries about a global recession unnerved investors, with commodity\u002Dlinked energy and material stocks among big losers. Read on
Herkunft: calgaryherald - 🏆 64. / 52 Weiterlesen »