World Market News of the 15 March with FXOpen #dowjones #sp500 #nasdaq #usinflation
Dow Closes More Than 100 Points Lower, Snaps 3-day Win Streak after Hot Inflation Report
The Dow Jones Industrial Average fell Thursday and snapped a 3-day win streak after the release of hotter-than-expected U.S. inflation data sent Treasury yields higher, while Nvidia shares were under pressure.
The 30-stock Dow pulled back points, or %, to close at 38,. The Nasdaq Composite fell 0.3% to 16,, while the S&P 500 slipped % to finish the session at 5,.
Source: CNBC
This Week provided a Reminder that Inflation Isn’t Going Away Anytime Soon
From consumer and wholesale prices to longer-term public expectations, reports this week served up multiple reminders that inflation it isn’t going away anytime soon.
The stubbornly high prices appeared to take their toll on consumer behavior and expectations.
On a policy level, that could mean the Fed may hold rates higher for longer than the market expects.
Source: CNBC
Consumer Sentiment Data,
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