US stocks fall again as consumer inflation jumps | Malay Mail

📆 12/05/2021 20:58:00
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NEW YORK, May 12 — Wall Street stocks fell early today, retreating for a third straight session following data showing a bigger-than-expected jump in consumer inflation in April. Worries about higher prices have been a theme among investors in recent weeks, at times prompting pullbacks. The fear...

A woman wears a mask near the New York Stock Exchange in the Financial District in New York, US, March 4, 2020. — Reuters picNEW YORK, May 12 — Wall Street stocks fell early today, retreating for a third straight session following data showing a bigger-than-expected jump in consumer inflation in April.

Compared to March of this year, the Consumer Price Index rose 0.8 per cent last month, far above expectations, according to Labour Department data.

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