Published 2 years ago

U.S. Stocks Open Lower as Inflation Persists

Summary by Ground News

U.S. futures slipped Friday after the government reported that inflation surged 8.6% in May compared with last year, even more than economists had expected. Shares were mostly lower in Asia on Friday, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will focus on battling inflation with interest rate hikes.

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Times of India

Dow sinks over 800 points after red-hot May inflation data

The S&P 500 was 2% lower in the first half hour of trading, while moves in the bond market indicated investors concerns are building about a possible recession. The Dow Jones Industrial Average was down 611 points, or 1.9%, at 31,661 as of 9:55 a.m. Eastern time, and the Nasdaq composite was 2.4% lower.

2 years ago·India

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MarketWatch

Dow drops almost 600 points as U.S. stocks fall sharply Friday morning on surging inflation

All three major stock benchmarks were trading sharply lower Friday morning after government data showed inflation surged more than expected in May to the...

2 years ago·United States

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Houston Chronicle

Hot reading on inflation sends stocks lower on Wall Street

NEW YORK (AP) — Stocks are sinking on Wall Street and Treasury yields are moving...

2 years ago·Houston, United States

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St Louis Post-Dispatch

Red-hot inflation drags Wall Street to end the week

U.S. futures slipped Friday after the government reported that inflation surged 8.6% last month, more than analysts were expecting. Futures for the Dow Jones industrials slid 1% and futures for

2 years ago·St. Louis, United States

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