GLOBAL MARKETS-Stocks lose ground, Treasury yields climb after inflation data ...Middle East

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GLOBAL MARKETS-Stocks lose ground, Treasury yields climb after inflation data
source : Devdiscourse ( Middle East ) () 60
The S&P 500 and Nasdaq finished in the red while Treasury yields rose as investors digested signs of cooling U.S. inflation and hopes the Federal Reserve could slow interest rate hikes against warnings that the battle with rising prices was far from over. Thursday's data showed U.S. producer prices (PPI) unexpectedly fell in July amid a drop in the cost of energy products. This followed Wednesday's surprise news that consumer prices (CPI) were unchanged in July due to a drop in gasoline prices.

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