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U.S. Stocks and Bonds Drift Following the Latest Update on Inflation, While Oil Prices Fall
Investors awaited Nvidia’s results and fresh inflation data as the S&P 500 slipped 0.1% and crude prices fell 2.4%, analysts said.
- Wall Street drifted Wednesday ahead of Nvidia earnings, with investors awaiting critical reports on inflation and U.S. economic growth data.
- The Federal Reserve's preferred inflation measure sat at 3.7% last month, while the U.S. economy grew at a 1.5% annual pace in spring, both slightly worse than economists expected.
- Abercrombie leaped 26.2% following strong quarterly profits, while Meta Platforms climbed 2.7% after a $17 billion settlement; Intuit fell 3% despite topping profit expectations.
- Brent crude fell 1.8% to $85.70, tempering inflation concerns, as diplomats discussed managing ship traffic through Hormuz amid Persian Gulf tensions.
- Treasury yields edged higher early Wednesday, with the 10-year Treasury yield climbing to 4.65%, reflecting persistent inflation concerns and volatility in the bond market.
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12 Articles
US stocks and bonds drift following the latest update on inlfation, while oil prices fall
The U.S. stock market is drifting after a report said inflation last month and growth for the economy during the spring were a touch worse than economists expected. The S&P 500 edged down by 0.1% Wednesday but remains near its…
·Cherokee County, United States
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The ColumbianReposted by 
Pittsburgh Post-Gazette
Pittsburgh Post-GazetteU.S. stocks and bonds drift following the latest update on inflation, while oil prices fall
NEW YORK — The U.S. stock market is drifting Wednesday after a report said inflation last month was a touch worse than economists expected. The bond market held relatively steady following some brief swings, while oil prices continued to drop.
·Vancouver, United States
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Coverage Details
Total News Sources12
Leaning Left4Leaning Right0Center8Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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