Wall Street- Indices Fall
Wall Street's main indexes fell on Thursday, with growth stocks leading declines for a second straight session.
investors worried that aggressive interest rate increases to curb decades-high inflation could tip the economy into recession.
Wall Street- Investor Afraid of Intrest Rate
Wall Street- MegaCap Stocks also Fallen
Megacap stocks Meta Platforms, Microsoft Corp, Alphabet Inc, Apple Inc, Amazon.com slipped between 2% and 5.9%.
Technology (.SPLRCT) and consumer discretionary (.SPLRCD) stocks fell 1.2% and 2.4%, respectively.
Wall Street- Technology Stocks
Wall Street- NasDaq Index
The tech-heavy Nasdaq index (.IXIC) slumped more than 3% on Wednesday, after data showed U.S. consumer prices moderated.
A Labor Department report on Thursday showed the producer price index (PPI) for final demand rose 0.5% in April.
Wall Street- Labour Department Report
Wall Street- Inflation Slowing
Inflation is starting to slow down but the velocity was not as fast as people had hoped.
There's really a lot of uncertainty around the Fed right now. If they are too aggressive, that hurts economic growth.
Wall Street- Uncertainity in Fed
Wall Street- Swipe Up for More!!!
Swipe up for More WebStories related to Tchnology, Gadgets, Finance, & Other Trending News around the Globe.
SWIPE UP