Wall Street continues to sink as inflation data spooks markets
Sentiment took a hit after the US consumer price index rose 4.2% year-over-year in April, up from 2.6% in March and much higher than the forecast of 3.6%
12:15pm: CPI jump well exceeded expectations
The Dow has only performed worse as the session has gone on, finding itself down 467 points, 1.4%, at 33,803 at midday. The Nasdaq lost 326 points, 2.5%, to 13,064, and the S&P 500 dropped 69 points, 1.6%, to 4,083.
Traders reacted to consumer price index data that showed the metric jump 4.2% year-over-year, well ahead of the expected 3.6% rise. The US CPI print has put the cat among the pigeons, as was to be expected, and opinions and market reaction is sharply divided. There is enough for both sides of the debate in this update, a reflection of how sharply prices are increasing both year-on-year and month-on-month, and in the core and non-core versions, IG Chief Market Analyst Chris Beauchamp wrote. .At the ver
Sentiment took a hit after the US consumer price index rose 4.2% year-over-year in April, up from 2.6% in March and much higher than the forecast of 3.6%
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i was worried i was going to die. you look remarkably good. you don t have a bad sunburn. you re not blistered. you look okay. i tried to conserve as much energy as i could. tried not to do any work because all work equals food and water. and i was trying to ration all that. we re joined by two of the men responsible for that dramatic rescue jack shadwick and kyle mccollum. with a welcome to you both, i m so glad to talk with you. petty officer, what went through your mind as you were lowered to that container ship to bring louis jordan aboard and how dangerous is that? to be honest with you, it s something we do a lot. we tend to do a lot of medevacs like this off cruise ships and other vessels like that. this was more of the norm for us. the flight mechanic, the person lowering me down that was his