Stock Market Today: Stocks Head Lower as Hot Inflation Puts Another Fed Rate Hike Back in Play
Source ↗
👁 0
💬 0
The post Stock Market Today: Stocks Head Lower as Hot Inflation Puts Another Fed Rate Hike Back in Play appeared first on 24/7 Wall St..
The S&P 500 is headed for a lower open because September consumer prices came in higher than forecast. The report pushed Treasury yields up and put another Federal Reserve rate hike back in play for this month. Premarket trading in funds that track the S&P 500 was down 0.3%. Even after a choppy week, the S&P 500 proxy is still up 14% year to date.
P
The S&P 500 is headed for a lower open because September consumer prices came in higher than forecast. The report pushed Treasury yields up and put another Federal Reserve rate hike back in play for this month. Premarket trading in funds that track the S&P 500 was down 0.3%. Even after a choppy week, the S&P 500 proxy is still up 14% year to date.
P
Comments (0)