Stocks slide as strong data suggests Fed has difficult fight ahead against inflation

restrictions following protests across major cities. That has raised hopes that disruptions to manufacturing and trade will ease.All told, roughly 95% of the stocks in the benchmark S&P 500 index were in the red, with technology companies, banks and retailers among the biggest weights on the market. Chipmaker Nvidia fell 1.6%, Bank of America slid 4.5% and Amazon dropped 3.3%.

Tesla fell 6.4% following reports that it may have to cut production in China because of weak demand.Inflation, rising interest rates and the potential for recessions throughout global economies are among the biggest concerns for investors. Wall Street has been closely watching corporate announcements and government reports to get a better sense of just how much damage is being done to the economy, as well as inflation's path ahead in 2023.

Oil and gas company stocks fell amid a broad pullback in energy prices, including an 11.2% slump in natural gas. Exxon Mobil fell 2.7%.

Funny no word on TWITTER GATE…..RADIO SILENCE ON MUSK DROPPING INTERNAL EMAILS ON SUPPRESSING NEWS!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Lags as Unwinding of 'Fed Trade' Lifts US Stocks Above 200-Day AverageBitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to risk revival in traditional markets. By godbole17 godbole17 2002? Lol godbole17 Keep buying bitcoin godbole17 Short it
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin Above $17K as Unwinding of ‘Fed Trade’ Lifts US StocksBitcoin bounces back above $17,000 despite trading at a significant discount following the collapse of crypto exchange FTX. Arca Head of Research Katie Talati joins “First Mover” to discuss major crypto price actions and notable token activities of SRM, AAVE and APE. Plus, the latest on the correlation between digital assets and the traditional market. arca KatieTalati FTX_Official kucoincom That's why: all eyes on radixdlt on 8 December!!! RadFi2022
Source: CoinDesk - 🏆 291. / 63 Read more »

Stocks slide as strong data suggests Fed has more to doStocks closed lower on Wall Street and Treasury yields rose after surprisingly strong economic reports highlighted the Federal Reserve’s difficult fight against inflation
Source: WOKVNews - 🏆 247. / 63 Read more »