Wall St falls on dour earnings forecasts ahead of inflation data

المملكة العربية السعودية أخبار أخبار

Wall St falls on dour earnings forecasts ahead of inflation data
المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

U.S. stock indexes fell on Tuesday as investors turned cautious ahead of a key inflation reading this week, while dour earnings forecasts from companies such as PayPal and Apple supplier Skyworks weighed on the mood.

The action-packed week will see the release of the much-awaited inflation data on Wednesday. The Labor Department's consumer price index is expected to climb 0.4% in April after gaining 0.1% in March.

"It is the CPI print tomorrow, and that's worrying markets, that it could be higher than expected or stickier inflation than expected," said Keith Buchanan, senior portfolio manager at GLOBALT Investments.

 

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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