US stocks stumble after a discouraging update on inflation
- Wall Street declined on Nov 10 following a discouraging inflation report, with the S&P 500 falling 0.6 percent, the Nasdaq Composite dropping 0.8 percent, and the Dow Jones Industrial Average sliding 154 points.
- Federal Reserve Governor Christopher Waller's inflation threshold was met as underlying measures rose 0.3 percent, pushing the 10-year Treasury yield to 4.97 percent from 4.88 percent late Monday.
- Nvidia's 3.8 percent drop led Tech stock losses, with Micron Technology sinking 3.2 percent and Vernova falling 5.9 percent under pressure from rising yields.
- Traders increased rate-hike forecasts as One Fed official hinted the central bank may raise the federal funds rate by double the typical amount next month.
- Diverging from broader market trends, Brent crude oil prices sank 3.1 percent to $89.67 a barrel after President Donald Trump said the war in Iran 'militarily is effectively over.
28 Articles
28 Articles
Daily Record
US stocks drift lower after a discouraging update on inflation
U.S. stocks are drifting lower after a report showed inflation was worse across the country last month than economists expected. The S&P 500 fell 0.2% Tuesday. The Dow Jones Industrial Average dipped 212 points, and the Nasdaq composite slipped 0.1%.…
US stocks: Dow Jones falls 200 points as hot inflation revives rate-hike fears; Nvidia sinks
On Tuesday, Wall Street faced a downturn as inflation figures surpassed projections, raising worries about potential interest rate hikes. The declines were evident across the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite indices. While financial stocks showed minor gains, technology shares, especially Nvidia, experienced fluctuations due to uncertainty in leadership. Anthropic's looming IPO threatens to heat up competition in the A…
The Independent
The Independent (US)US stocks stumble after discouraging inflation report
Coverage Details
Bias Distribution
- 37% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
