The red-hot inflation data also sent government bond yields surging higher: The 10-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 over 1%, 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 nearly 6%, while ridesharing service Uber gained 4% and soft drink giant Coca Cola 1.5%. “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.
skleb1234 Be prepared for some wobbly time ahead.
skleb1234 This is the outcome of corp greed. There isnt rationale justification to slow production and raise prices when demand is high. 1Q22 profits will be insane. They are feeding the top 10% by keeping the $ with the top 10%. Inflation is hurting mainstreet while wall street gains
skleb1234 Sentiment continues to be mixed... which is why we need more stable returns
skleb1234 “I voted Red you voted Blue.. don’t blame me this shits on YOU!”
skleb1234 It's racist; me. A deaf...for Shannon; Shan. I'll take it from here; Mike. (Melissa)...
skleb1234 I tell yaaa
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