Dow Falls 300 Points: Stocks Slip A Third Day After ‘Huge’ Inflation Reading

Stocks are falling for the third-straight day this week after the highly awaited consumer price index report showed a staggering rise in prices last month, but while inflation still poses a big risk to the market, some experts believe prices should normalize now that the effects of stimulus checks have largely subsided.By 10:35 a.m. EDT, the Dow Jones Industrial Average had slipped 279 points, or 0.8%, to 33,990, while the S&P 500 dipped 0.

After staying roughly flat Tuesday, big-tech stocks are taking the brunt of the hit Wednesday, with Dow components Apple, Microsoft and Intel each falling nearly 2% on fears that the Federal Reserve may raise interest rates—which experts agree would hurt tech stocks the most.

hello captain obvious about time they payed attention.

Canada Canada Latest News, Canada Canada Headlines

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

Dow falls over 300 points early Tuesday as tech stocks get slammed amid renewed inflation fearsU.S. stock benchmarks opened solidly lower Tuesday, with inflation worries seen keeping pressure on previously highflying tech stocks. The Dow Jones... In light of the speculative euphoria investors have enjoyed since the start of the year, a selloff isn't a surprising event. lawsuits are a joke shorts are over-leveraged if we move the spread they blow up who wants poultry let's devour these vultures $SQBG target 🎯500
Source: MarketWatch - 🏆 3. / 97 Read more »

Three Dow stocks could lead the next leg of the rally, traders sayAs the Dow hits record highs, Ari Wald of Oppenheimer and Quint Tatro of Joule Financial share their favorites of the blue-chip index. TradingNation Hedge Funds are selling in preparation to StockMarket crash!
Source: CNBC - 🏆 12. / 72 Read more »