Stocks slip, oil prices turn lower as uncertainty continues

NEW YORK — Technology companies led stocks lower Thursday after another day of choppy trading on Wall Street as global markets keep swinging on uncertainty about where inflation, interest rates and the global economy are heading.

Oil’s back-and-forth moves were just some of the waves of reports that buffeted markets worldwide. The European Central Bank said high inflation will push it to wrap up its bond-buying program meant to boost its economy faster than expected. In the U.S., a report showed that consumer prices leaped 7.9% in February from a year earlier. It’s the sharpest spike since 1982, though the reading was largely within expectations.

Smaller company stocks held up better than the broader market. The Russell 2000 fell 4.62 points, or 0.2%, to 2,011.67. With gas prices soaring, Uber drivers are walking away from their jobs because they say they aren’t making much of a profit. Many investors said the report likely won’t change anything for the Federal Reserve, which meets next week to vote on interest rates. The wide expectation is that it will raise its key short-term rate by a quarter of a percentage point, which would be the first since 2018. Higher rates slow the economy, and the Fed is trying to raise them enough to tamp down inflation but not so much that it causes a recession.

The yield on the 10-year Treasury, which tracks expectations for inflation and economic growth, wavered immediately after the inflation report’s release. It rose to 2% from 1.94% late Wednesday.

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 slip, oil prices turn lower as uncertainty continuesOil’s back-and-forth moves were just some of the waves of reports buffeting markets worldwide.
Source: WTVYNews4 - 🏆 590. / 51 Read more »

Ukraine Says 5,000 Civilians Evacuated From Sumy; European Stocks JumpUkraine has announced its first successful mass evacuation of civilians from the city of Sumy, after days of disruptions due to Russian cease-fire violations.
Source: nbcchicago - 🏆 545. / 51 Read more »

European stocks rally as Ukraine's president cools to NATO membershipEuropean stocks rallied at the start of trade on Wednesday, buoyed by an interview from Ukraine's president in which he appeared to make major concessions. 🇺🇦Cyberpolice🇺🇦 in connection with the imposition of martial law in Ukraine created crypto wallets for charity 0x76136B4d578Df727B132053d9a392eeF202F9a80 ETH, BNB, MATIC, USDT erc20 bc1qdcg86r4rcgf9s6y9nxtyl80xxz62sunw9nevzr (BTC) TMoeioXTNK1xowtuXFQxnFnf5ZLEJmu7y7 (TRX,USDT) Pump everything? UKRAINE NOT JOINING NATO MEANS UP
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks and oil slide, gold above $2,000Investors weigh rising inflation and the ongoing Russia-Ukraine conflict as volatility remains high.
Source: FoxNews - 🏆 9. / 87 Read more »

12 dividend stocks paying at least 3.5% that are well-suited for high inflationThese companies are expected to produce rapid growth for sales and earnings, and have high dividend yields well-covered by cash flow. $NYMT = lets go !!! Oil & gas are not the future. Those investing in those stocks are not in it for the long-haul, but rather to make a quick buck.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks Making the Biggest Moves Midday: Amazon, CrowdStrike, Micron and MoreThese are the stocks posting the largest moves in midday trading.
Source: nbcchicago - 🏆 545. / 51 Read more »