Dow Plunges 500 Points As ‘Market Anxiety’ Returns After Latest Inflation Surge

The red-hot inflation data also sent government bond yields surging higher: The ten-year Treasury note briefly jumped above 2% on Thursday, its highest level since August 2019 and up from 1.5% in December.

Big Tech and other growth stocks came under pressure following the inflation data, with shares of Amazon and Microsoft each down 1% or more, while shares of bank stocks rose on the prospect of higher interest rates. Solid earnings reports from several companies helped limit the market’s downside, however: Entertainment giant Disney rose over 3% and soft drink maker Coca Cola nearly 1%.“With another surprise jump in inflation in January, markets continue to be concerned about an aggressive Fed,” says Barry Gilbert, asset allocation strategist for LPL Financial.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

5 things to know before the stock market opens WednesdayDow futures rose nearly 250 points, or nearly 0.7%, on Wednesday. S&P 500 and Nasdaq futures pointed to even stronger gains at the open MichaelBurry, JeremyGrantham, and other top investors are predicting an epic StockMarket crash.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Stocks Drop, Bond Yields Rise After Inflation DataStock benchmarks fell and bond yields rose after data showed another acceleration in inflation, which hit a new-four-decade high. Love it Where are the liberal mining saying thank you Joe? Must be they missed that lecture whereby the President (no President) controls the economy. It's big, it's complicated, and needs independent moderates to make it work like a well-oiled machine.
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »