The modest market jump follows the worst day for stocks since June 2020.
The stock market rose slightly Wednesday morning following better than expected wholesale inflation data, though investor fears remain after the market suffered its worst day since June 2020 following a dismal consumer price index reading.Getty ImagesThe Dow Jones Industrial Average was up .06% before market open, or 60 points, while the S&P 500 rose .05% and Nasdaq fell 0.12%.
in the 12 months ending in August, spurring fears that the Federal Reserve will continue its aggressive monetary policy.released Wednesday by the Labor Department provided some reason for optimism, as the producer price index, which marks how much sellers pay for wholesale goods, fell .1% in August, while core prices fell .3%, beating estimates.
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Stock markets suffer biggest fall since June 2020 on dashed inflation hopesThe stock market fell the most since June 2020 as Wall Street recognizes that inflation is not slowing as much as hoped. The Dow lost more than 1,250 points and the S&P 500 sank 4.3%
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Stock markets suffer biggest fall since June 2020 on dashed inflation hopesThe stock market fell the most since June 2020 as Wall Street recognizes that inflation is not slowing as much as hoped. The Dow lost more than 1,250 points and the S&P 500 sank 4.3%
Weiterlesen »
Stock markets suffer biggest fall since June 2020 on dashed inflation hopesThe stock market fell the most since June 2020 as Wall Street recognizes that inflation is not slowing as much as hoped. The Dow lost more than 1,250 points and the S&P 500 sank 4.3%
Weiterlesen »