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US stocks fall again as consumer inflation jumps | Malay Mail

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NEW YORK, May 12 — Wall Street stocks fell early today, retreating for a third straight session following data showing a bigger-than-expected jump in consumer inflation in April. Worries about higher prices have been a theme among investors in recent weeks, at times prompting pullbacks. The fear...

A woman wears a mask near the New York Stock Exchange in the Financial District in New York, US, March 4, 2020. — Reuters picNEW YORK, May 12 — Wall Street stocks fell early today, retreating for a third straight session following data showing a bigger-than-expected jump in consumer inflation in April.

Compared to March of this year, the Consumer Price Index rose 0.8 per cent last month, far above expectations, according to Labour Department data.

 

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US stocks retreat from record high, dollar near 10-week low | Malay MailNEW YORK, May 11 — US stocks fell yesterday and the Dow Jones Industrial Average snapped back from a record high, as worries about accelerating inflation dragged on shares and hobbled the dollar, which struggled at a 10-week low. US equities’ losses deepened as the breakeven rates for US...
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