Stocks cut gains as oil tops $100 per barrel

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Investors are digesting another hot inflation report and forthcoming earnings from many of the big U.S. banks.

The consumer price index rose 8.5% in March from a year ago, according to a new Labor Department report released Tuesday, marking the fastest increase since January 1982, when inflation hit 8.4%. The CPI — which measures a bevy of goods ranging from gasoline and health care to groceries and rents — jumped 1.2% in the one-month period from January.

U.S. stocks were choppy, moving between negative and positive territory early Tuesday, April 12, 2022, as investors grew anxious over a new COVID-19 outbreak in China, the war in Ukraine and Federal Reserve plans to tighten monetary policy. In stocks, Apple could boost its dividend by 10%, according to the team at Citi, which also notes it may authorize a $90 billion stock buyback.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 458. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China nudges listed firms, investors to buy stocks to stabilise marketChina is encouraging long-term investors to buy more equities and major shareholders of listed firms to increase their holdings when stocks slump, in a bid to stabilise a stock market rocked by a worsening COVID-19 outbreak.
Source: Reuters - 🏆 2. / 97 Read more »

Why Stocks Are Rallying in the Midst of a War and Soaring InflationIn the midst of a war and soaring inflation, the S&P 500 has rebounded 7.6% from its 2022 low on March 8, cutting its losses for the year to about 6%. Institutional algos selling all rallies They’ve got to work on alignment. Messy. This is one of the dumbest article I’ve ever read, how is the S&P 500 being -6% in 2022 classified as a rally? Stupid waste of time article.
Source: WSJ - 🏆 98. / 63 Read more »