News Formal

Stock market outlook: Nasdaq has first 2-week losing streak of 2023

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

US tech stocks just had their first 2-week losing streak of 2023

But it has shed 5% in August alone, with signs of inflationary stickiness and a sell-off in semiconductor stocks fueling losses in what's typicallyThe US Consumer Price Index, which gauges inflation by measuring the cost of the average American shopping basket, came in at aBut on Friday, the Producer Price Index — which measures the prices factories receive for their goods — offered investors some food for thought.

in July, according to the data from the Bureau of Labor Statistics, outpacing economists' expectations and signaling elevated inflation could carry on weighing on the US economy.

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:

 /  🏆 729. in US
 

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

United States United States Latest News, United States United States Headlines

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

Stock Market News Today: Dow, Nasdaq Close Lower; Disney Stock SinksStock futures rose ahead of the release of July’s consumer-price index due this morning. Follow the latest markets updates.
Source: WSJ - 🏆 98. / 63 Read more »