NEW YORK — Stocks are tumbling and disappointment is shaking markets worldwide Tuesday, following Wall Street’s realization that inflation isn’t slowing as much as hoped.
The Dow Jones Industrial Average lost 603 points, or 1.9%, to 31,777, as of 9:45 a.m. Eastern time, and the Nasdaq composite dropped 3.1%. Markets honed in on a 0.6% rise in such prices during August from July, double what economists expected. Stock markets in Europe, meanwhile, veered from gains to losses. The German DAX was down 1.1%, and the French CAC 40 fell 1%.The Labor Department reported Tuesday that sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, but prices for food surged.
Our government continues to lie to us daily, and NBC is helping to spread the lies.
BrianKirkland5 Votes have consequences
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:
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.
Stocks tumble on hotter-than-expected inflation reportStocks opened sharply lower as Wall Street comes to the realization that inflation isn’t slowing as much as it had hoped. The higher-than-expected report on inflation likely means the Federal Reserve will ultimately have to raise rates higher. more printing more inflation higher interest rates a race And your guy will lie about it again and you won’t call him out. Month over month inflation was up just 0.1% but the price spikes from the first half of the year are already baked in, resulting in the 8.3% year over year inflation number.
Source: AP - 🏆 728. / 51 Read more »
Dow drops over 600 points as stocks tumble after hotter-than-expected CPI readingU.S. stock-index futures gave up early gains to turn sharply lower Tuesday after an unexpected monthly rise in the August consumer-price index dashed hopes for a further slowdown in inflation. FED FAIL BidenWorstPresidentInHistory BidenDestroysAmerica Bidenflation BidenNotMyPresident
Source: MarketWatch - 🏆 3. / 97 Read more »
Inflation ‘Collapse' Will Launch Powerful Market Rally, Credit Suisse PredictsCredit Suisse expects the Federal Reserve to pause interest rate hikes in four to six months due to tumbling inflation.
Source: nbcchicago - 🏆 545. / 51 Read more »
Crypto Stocks Tumble After Bitcoin Dips on Higher-Than-Estimated InflationU.S. inflation report sends crypto stocks tumbling on concerns of Fed rate increase. Aoyon_A reports. saving usdt is the only way to save your money from inflation Convert volatility with stable usd becomes inflated why go in there? go scarce
Source: CoinDesk - 🏆 291. / 63 Read more »
U.S. stocks open sharply lower, Dow drops more than 500 points after stronger-than-expected inflationU.S. stocks opened sharply lower Tuesday as investors reacted to a stronger-than-expected inflation reading for August. The Dow Jones Industrial Average... Actually the market is up 50 points on the Dow at the moment
Source: MarketWatch - 🏆 3. / 97 Read more »