Dow Drops 600 Points Ahead Of Looming Inflation Report

Summary by Ground News

The major averages saw further downside going into the close, ending the session at their worst levels of the day. The sell-off came as traders looked ahead to the release of a Labor Department report on consumer price inflation on Friday. The inflation data could have an impact on the outlook for monetary policy ahead of the Federal Reserve's decision on interest rates next Wednesday. In the bond market, treasuries showed a lack of direction before closing modestly higher.

4 months ago·New York, United States

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Times of India

US stocks tumble as rate pressures grow, inflation report looms

The S&P 500 sank 2.4%, putting it on track for its ninth losing week in the last 10. The Dow Jones Industrial Average fell 1.9%, and the Nasdaq composite lost 2.7%. Investors have been searching for signs that inflation may have already passed its peak, which would be good for markets because it could mean a less aggressive Fed.

4 months ago·Mumbai, India

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Reuters

Wall St drops as investor jitters climb before CPI data Friday

U.S. stocks sold off sharply Thursday as investor anxiety heightened ahead of data on Friday that is expected to show consumer prices remained elevated in May.

4 months ago·United Kingdom

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USA Today

S&P 500, Dow, Nasdaq all tumble as rate pressures grow, inflation report looms

S&P 500, Dow and Nasdaq slid the day before CPI data on Friday. Investors are worried central banks around the world can't cool blistering inflation.

4 months ago·United States

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Associated Press News

Stocks tumble as rate pressures grow, inflation report looms

NEW YORK (AP) — Stocks on Wall Street tumbled Thursday following the latest reminder that central banks now care more about fighting inflation than propping up markets. The S&P 500 sank 2.4%, putting it on track for its ninth losing week in the last 10.

4 months ago·United States

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Financial Post

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4 months ago·Canada

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Los Angeles Times

Stocks tumble as rate pressures grow, inflation report looms

Wall Street’s losses accelerated as the closing bell for trading approached, with traders scrambling to get in last moves ahead of a highly anticipated report on U.S. inflation due Friday morning.

4 months ago·Los Angeles, United States

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