Here are the key events taking place on Tuesday that could impact trading including news about U.S. markets, inflation data, The Fed and tech news.
deepened Monday, with the S&P 500 entering a bear market, as investors took another look at Friday's red-hot inflation data and liked it even less. Faced with rising chances of aggressive monetary tightening by the Federal Reserve, investors broadly unloaded risk. The S&P 500 slumped 3.9% as 495 of its 500 components ended the day lower. The declines left the U.S. stock benchmark down more than 20% from its January record, sending it into a bear market for the first time since 2020.
The year-over-year look for core PPI is expected to jump 8.6% in May, slightly trailing April’s 8.8% growth rate and below a record 9.6% surge in March. It will also mark the second straight month of slowing growth. The report follows Friday’s consumer price index, which showed retail inflation spiking much more than expected to a new 40-year high and fueling worries about aggressive Fed tightening and recession.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Designer Disco Daddy Listens To Donna Summer For Fashion InspirationBetter known as Disco Daddy, Los Angeles-based Vincent Michael Braccia has quickly risen as the celebrity's go-to designer for all things glitter and glam.
Weiterlesen »