Wall St Opens Lower After Hotter-than-Expected Producer Inflation Data
Producer prices rose 5.4% in August and oil climbed above $100 a barrel, lifting bets the Federal Reserve will raise rates this month.
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9 Articles
US stocks today: US stocks open lower after hotter-than-expected producer inflation data
US stocks opened lower on Thursday after August producer prices strengthened expectations of a possible Federal Reserve rate hike this month. The Dow, S&P 500 and Nasdaq fell at the open, while escalating Middle East tensions pushed oil prices above $100 a barrel, adding to inflation and market concerns.
Wall St opens lower after hotter-than-expected producer inflation data
Sept 10 (Reuters) - The major U.S. stock indexes opened lower on Thursday after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East pushed oil prices above $...
Wall Street opened down on Thursday, burdened by the upturn in the price of oil, which fuels the expectation of inflation and pushes up the yields of US Treasury bonds.
Following today's release of producer prices from the US economy, stock indices and cryptocurrencies headed south....
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