1 month ago
U.S. stocks sank crossed nan committee aft hotter-than-expected ostentation information dimmed hopes of a June complaint trim by nan Federal Reserve.
| I:DJI | DOW JONES AVERAGES | 38408.88 | -474.79 | -1.22% |
| SP500 | S&P 500 | 5155.12 | -54.79 | -1.05% |
| I:COMP | NASDAQ COMPOSITE INDEX | 16134.922706 | -171.72 | -1.05% |
The Dow Jones Industrial Average fell much than 500 points pursuing nan merchandise of nan information connected Wednesday greeting earlier paring immoderate losses. The Nasdaq Composite and S&P 500 were besides lower.
Treasury yields spiked, pinch nan 10-year hitting 4.5% for nan first clip successful 2024, and nan 2-year output hovering conscionable beneath 4.9%.
INFLATION RUNS HOT IN MARCH
Dow Jones Industrial Average
WHY ARE GROCERIES STILL SO EXPENSIVE?
The user value scale roseate 3.5% annually successful March and 0.4% vs. nan anterior month. Both exceeded economists' forecasts. Core prices roseate 3.8% annually. Rent costs roseate 5.7%, while market prices climbed 1.2% connected an yearly basis. The value of lettuce was up 5.8% while beef and veal soared 7.6%.
Seventy-eight percent of marketplace participants expect nan Fed to clasp rates dependable astatine nan June meeting, while 54% expect nan aforesaid successful July, arsenic tracked by nan CME's Fed Watch Tool.
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