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Stocks fell sharply on Friday following Wall Street's cold realization that inflation got worse last month, not better, as investors had been hoping.
Stocks are slumping on Wall Street, erasing a rally from a day earlier, as markets assess the looming fallout from the Federal Reserve's stepped-up fight against inflation.
Stocks remained shaky in morning trading on Wall Street Wednesday after a big sell-off on tech stocks a day earlier.
The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.
Stocks shifted between small gains and losses in morning trading on Wall Street Tuesday as tensions escalated in Ukraine over Russia's decision to send forces into that nation's eastern regions.
Stocks edged lower in midday trading on Wall Street Friday, pulling major indexes back from record highs as investors review the latest round of corporate earnings.
The S&P 500 was up 0.3%. Big technology companies were doing much of the heavy lifting, and that helped send the Nasdaq up 0.3%. The Dow Jones Industrial Average climbed 0.1%. UPS jumped 7.4% after the package delivery service reported…
After climbing steadily for much of the year, the stock market became unsettled in recent weeks with the spread of the more contagious delta variant of COVID-19, a sudden spike in long-term bond yields and word that the Federal Reserve…
The Federal Reserve said Wednesday that the U.S. economy is strengthening and making progress on the Fed's employment and inflation goals, a small step toward dialing back its ultra-low-interest rate policies, perhaps later this year.
Stocks skidded on Wall Street and investors sought refuge in government bonds amid worries that a surge in virus infections around the world will threaten the economic recovery.
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