Worse inflation data hits Wall Street, and Dow drops 400 points
The S&P 500 was 0.9% lower in early trading. The Dow Jones Industrial Average was down 418 points, or 0.9%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.8% lower. The pain on Wall Street was widespread, and everything from AI darling Nvidia to staid utilities like Duke Energy to bitcoin fell.
Consumer prices rose sharply in January, underscoring why the Federal Reserve is in “no hurry," in the words of its chairman, to cut U.S. interest rates again. The consumer-price index rose a stiff 0.
The Standard & Poor’s 500 climbed 0.7%, coming off a losing week that was bookended by worries about how potential tariffs ...
Inflation rose unexpectedly in January, with the Consumer Price Index rising 3% over the last 12 months, up from 2.9% in December. Forecasters had expected inflation to slow down, but prices for food, ...
Treasury yields jumped Wednesday morning after fresh data showed U.S. inflation in January was hotter than Wall Street expected. The yield on the 10-year Treasury note surged about 10 basis points to ...
Wall Street's main indexes ended mixed on Tuesday as gains in Coca-Cola and Apple offset losses in Tesla, while investors ...
1don MSN
Global shares are trading mixed, as investors found bargains despite worries about President Donald Trump’s tariffs ...
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