U.S. stocks fell Wednesday, giving the Dow Jones Industrial Average and S&P 500 their steepest three-day declines in nearly seven months, after a sharpThe S&P 500 dropped 2.2%, while the Dow Jones Industrial Average retreated 2%, or about 682 points. Both indexes had their largest three-day point and percentage declines since late October. The tech-heavy Nasdaq Composite slumped 2.7%.
Investors had been watching for the Labor Department’s release Wednesday morning of data on consumer prices. That report showed the consumer-price index jumped 4.2% in April from a year before, the most in any 12-month period since 2008. The index measures what consumers pay for goods and services such as clothes, restaurant meals and vehicles. Core prices, which exclude the volatile categories of food and energy, rose 3% from a year earlier.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
$TENDIE IS THE ONLY INFLATION HEDGE
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.
Stocks Poised to Extend Decline, Led by TechS&P 500 futures pointed to steepening losses after the opening bell, with technology stocks on track to be among the worst performers.
Source: WSJ - 🏆 98. / 63 Read more »
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 »
US stocks tumble as data shows inflation spiked higher than expected in AprilUS stocks fell Wednesday morning after data showed inflation measured by the Consumer Price Index rose 4.2% in April, the most since 2008. Many investors have seemingly moved to crypto, yet traders (day & swing) seem divided between options and futures. Every day is starting to look the same. Those that saw the massive gains in tech are taking profits.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow Falls 300 Points: Stocks Slip A Third Day After ‘Huge’ Inflation ReadingThe Dow fell 300 points: 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 hello captain obvious about time they payed attention.
Source: Forbes - 🏆 394. / 53 Read more »
European stocks rebound from worst day in 2021, as U.S. futures remain negativeStocks in Europe inched higher on Wednesday, rebounding slightly from the worst trading day of 2021 as U.S. stock market futures remain set to open lower. Normally I don’t do this, I don’t praise people for any reason,truth be told good work deserve appraisal,I wound deny the fact that I’m super jealousy of your hard work and skill. I’m proud of you and what you do in the life of people we need more people like you Sharon_cryptofx Paywall
Source: MarketWatch - 🏆 3. / 97 Read more »
Asian stocks drop, led by a nearly 4% tumble in Taiwan equitiesStocks across Asia have been influenced by Wall Street losses. More U.S. inflation were due out Wednesday. Investor concern is increasing following a price...
Source: MarketWatch - 🏆 3. / 97 Read more »