Stock Indexes Plummet After U.S. Inflation Data Released
From Nasdaq: 2024-04-10 09:47:06
The S&P 500, Dow Jones, and Nasdaq are down in reaction to March’s higher-than-expected 3.5% Consumer Price Index. Moderna and chip stocks surged yesterday, while Nvidia fell. Investors await Federal Reserve minutes and inflation reports. US rate futures predict a possible rate cut. Asia markets settled in the red, with China down due to credit downgrade news.
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