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Dow Drops Nearly 700 Points, Extending Slide


Dow Drops Nearly 700 Points, Extending Slide
05/12/2021 | 03:30pm EDT
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By Karen Langley and Joe Wallace
U.S. stocks extended their losses Wednesday, with the Dow Jones Industrial Average and S&P 500 posting their steepest three-day declines in nearly seven months, after a sharp rise in consumer prices heightened concerns about inflation.
The jump in prices was steeper than expected and exacerbated fears that inflation could prompt the Federal Reserve to accelerate its timeline for scaling back its easy-money policies. Near-zero rates have buoyed demand for stocks, which have hit dozens of records since the coronavirus pandemic sent them tumbling early last year. ....

Houlihan Lokey , Karen Langley , Joe Wallace , Tony Bedikian , Richard Clarida , Anna Stupnytska , Stoxx Europe , Mellon Pershing , International Energy Agency , Federal Reserve , Organization For Economic Cooperation , Fidelity International , Labor Department , Dow Jones Industrial Average , Matt Forester , Lockwood Advisors , Nasdaq Composite , Economic Cooperation , Shanghai Composite , Dow Jones , ஹொலின் லோக்கெய் , கரேன் லாங்லி , ஓஹோ வாலஸ் , மெலந் தொடர்கிறது , கூட்டாட்சியின் இருப்பு , ஆர்கநைஸேஶந் க்கு பொருளாதார ஒத்துழைப்பு ,

Stocks Slide on Inflation Data, Extending Decline


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Dow Jones
By Karen Langley and Joe Wallace
U.S. stocks extended their losses Wednesday, with the Dow Jones Industrial Average and S&P 500 posting their steepest three-day declines in nearly seven months, after a sharp rise in consumer prices heightened concerns about inflation.
The jump in prices was steeper than expected and exacerbated fears that inflation could prompt the Federal Reserve to accelerate its timeline for scaling back its easy-money policies. Near-zero rates have buoyed demand for stocks, which have hit dozens of records since the coronavirus pandemic sent them tumbling early last year.
Not only is just inflation and unexpected inflation a bad story for any type of real returns in your portfolio, it s also increasing the uncertainty around what the Fed s next moves are going to be over the next couple of months, said Matt Forester, chief investment officer of Lockwood Advisors at BNY Mellon Pers ....

Houlihan Lokey , Karen Langley , Joe Wallace , Tony Bedikian , Richard Clarida , Anna Stupnytska , Stoxx Europe , Mellon Pershing , Federal Reserve , Organization For Economic Cooperation , Labor Department , International Energy Agency , Dow Jones Company Inc , Fidelity International , Dow Jones Industrial Average , Matt Forester , Lockwood Advisors , Nasdaq Composite , Vice Chairman Richard Clarida , Economic Cooperation , Shanghai Composite , Dow Jones , ஹொலின் லோக்கெய் , கரேன் லாங்லி , ஓஹோ வாலஸ் , மெலந் தொடர்கிறது ,