Stock market today: Wall Street sinks after worse inflation data
Smaller companies took some of the worst hits, and the Russell 2000 index of smaller stocks fell a market-leading 0.9%. They can feel the harshest pain from higher interest rates, in part because of the need for many to borrow to grow, along with their stocks often being seen as riskier than others.
The higher than expected inflation number for January came during during Fed chairman Jerome Powell's semiannual testimony before Congress.
U.S. stock futures are little changed as investors watch for January inflation data, and Fed Chair Jerome Powell is set to ...
The result could be investors are caught off-guard as inflation and ... We haven't seen a market correction and it's been over a year." Stanley also considers a 10% stock pullback to be a ...
For more than two years, the stock market has been virtually unstoppable. Last year, the iconic Dow Jones Industrial Average ...
Inflation expectations jumped amid ... to 4% as hourly wages jumped in a sign of labor market resilience. It's been a rough week for Tesla stock (TSLA). Shares of the EV giant were on track ...
Higher inflation is not only bad news for consumers but stocks and bonds alike since they lower the future returns when adjusted for higher inflation.
Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on ...
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