Hotter inflation data sends Wall Street lower and raises rate-hike bets
FROM THE WIRE · FINANCE.YAHOO.COM
Stocks slid again on Tuesday after a hotter-than-expected inflation report fed bets on higher interest rates, and all three major indexes finished lower. The Dow fell 0.30% to 52,231.89, the S&P 500 lost 0.38% to 7,520.93, and the Nasdaq Composite dropped 0.74% to 25,065.87.…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishInflation above expectations feeds bets on more rate hikes, weighing on equity indices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01October consumer prices rose 0.4%, versus 0.3% expected.
- 02Core prices rose 0.3%, ahead of a 0.2% forecast.
- 03Traders see an 84% chance of a quarter-point rate hike.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
S&P 5007,592.06Awaiting tradestoday -0.36%Negative NASDAQ Composite25,366.09+0.02%today -0.39%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets