Inflation: US Stock market is falling down

More From Author

See more articles

Myntra Upcoming Sales 2025: Your Fashion Calendar for Maximum...

Myntra Upcoming Sales 2025 In the ever-evolving world of fashion e-commerce, Myntra continues to be India's go-to destination...

Gmail How to Log Out in 2025: Android, iPhone,...

Gmail how to log out: A Gmail account is required these days to utilise the Google Play...

Dimensity 6020 vs Snapdragon 695: Mid-Range Chipset Battle

Dimensity 6020 vs Snapdragon 695: Qualcomm Snapdragon 695 5G (SD695) is a fast mid-range ARM-based SoC found...

Fresh inflation data caused US equities to decline on Friday, capping off severe losses for the past week, month, and third quarter. The core personal consumption expenditures price index, the Federal Reserve’s preferred measure of inflation, climbed by 4.9% from a year ago in August, up from 4.7% in July and higher than expected.

As central bankers reiterate their intention to maintain tight policy until inflation declines sufficiently, markets have been falling, and rising bond rates have exacerbated market turbulence worldwide, most recently in the UK.

The S&P 500, Dow, and Nasdaq all declined by 3% during the course of the week. The S&P 500, Dow, and Nasdaq all had declines of more than 9% in September. The S&P 500 lost 6% for the third quarter, the Nasdaq lost about 5%, and the Dow dropped more than 7%.

inflation
credit: businessinsider

Here are all the updates of US Indexes due to inflation:

  1. According to the Wall Street Journal, a Chinese regulator warned numerous investment banks, including JPMorgan and Goldman Sachs, against releasing politically sensitive data before the Communist Party’s National Congress gathering the next month.
  2. Jeremy Siegel, a professor at Wharton, predicted annualised returns of 6% after inflation, dismissing predictions of a “lost decade” in the stock market.
  3. After the sporting apparel company Nike announced a rise in inventories and issued a margin-squeezing warning, its stock fell as much as 14%.
  4. As urgent discussions in the UK over new budget and tax cut measures failed to soothe markets, the pound lost more ground against the dollar.
  5. Ed Yardeni, a seasoned bull, cautioned that aggressive Fed actions to substantially raise interest rates might further depress asset prices and trigger a severe recession.
  6. West Texas Intermediate fell 2% to $79.64 a barrel as oil prices declined. The international standard for crude oil, Brent, fell 0.7% to $87.90 a barrel.
  7. An ounce of gold increased by 0.1% to $1,670.50.
  8. A 4.7 basis point increase brought the 10-year yield to 3.794%.
  9. At $19,712, bitcoin increased by 1.6%.

that’s it folks!

Also Read:

Apple AR Headset to reportedly feature 3500PPI Display

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

━ Related News

Featured

━ Latest News

Featured