Consumer Price Inflation Sends Stocks Lower

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Consumer Price Inflation,Bond Yields,Stocks

Slightly hotter than expected consumer price inflation causes bond yields to soar and stocks to sharply decline.

My top 10 things to watch Wednesday, April 10 Slightly hotter than expected consumer price inflation sends bond yields soaring and stocks sharply lower. The Dow , the S & P 500 and the Nasdaq are all looking at 1%-plus declines at the open. March consumer price index : up 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage points higher than in February. Core CPI, excluding food and energy prices, also hotter.

Fitch downgrades China, cutting China's sovereign credit outlook to negative. The action follows fellow U.S. credit rating agency Moody's similar move in December.'s Google using more Nvidia than ever. Morgan Stanley raises Nvidia price target to $1,000 per share from $795. Google also making its own chips, which is a win for Club name Broadcom on custom builds.

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