Stocks fall sharply on inflation news ...Middle East

The Hill - News
Stocks fall sharply on inflation news
Stock markets fell sharply Friday on news that inflation is continuing to rise, hitting a 40-year year high of 8.6 percent. The Dow Jones Industrial Average of major U.S. stocks fell nearly 2.75 percent to hit 31,392. The S&P 500 index fell 2.91 percent to 3,900. The technology-heavy Nasdaq dropped more than 3.5 percent to fall below 11,340. The bottom fell out of markets as a result of the latest consumer price index (CPI) data from the U.S. Department of Labor. Analysts were hoping that the CPI would continue to decrease as it did last month from an annual rate of 8.5 percent in March to 8.3 percent in April. Instead, the CPI gained 0.3 percentage points from April to hit

Hence then, the article about stocks fall sharply on inflation news was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Stocks fall sharply on inflation news )

Apple Storegoogle play

Last updated :

Also on site :