Dow dives 800 points, S&P 500 posts worst week since January after inflation hits 40-year high
Stocks fell as investors digested the latest inflation report.
Financial News
Stocks fall sharply, Dow drops more than 600 points ahead of pivotal inflation data
Stocks fell on Thursday, dropping sharply in the final hour of trading, ahead of a CPI reading on Friday.
Stock futures are flat on Wednesday evening
Stock futures were flat in overnight trading Wednesday after the major averages ended the regular session lower and U.S. Treasury yields rose.
Fed GDP tracker shows the economy could be on the brink of a recession
The Atlanta Fed’s GDPNow tracker is now pointing to an annualized gain of just 0.9% for the second quarter.
Huge pay bumps and flexi work policies: How Singapore companies are fighting the war for talent
Around 60% of 270 companies surveyed by Mercer reviewed their benefits in 2021, up from between 10% and 15% in earlier years.
A paradigm shift has begun in markets, says Morgan Stanley’s Ted Pick. Here’s what to expect
Markets will be dominated by two forces – concern over inflation, or “fire,” and recession, or “ice,” said Pick, co-President of the bank.
The CDC is sending monkeypox vaccines to people at high risk in a race to prevent the spread
The U.S. has distributed 1,200 vaccine doses to people who have had high risk exposures to monkeypox.
Investors set their sights on upcoming inflation report as the bear market rally falters
The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week.
Dow jumps 400 points, Nasdaq adds more than 2% to cut two-day losing streak
U.S. stocks rose Thursday after an intraday comeback as the three major indexes snapped two-day losing streaks.
Facebook parent Meta COO Sheryl Sandberg is stepping down
Sandberg joined Facebook in early 2008 as the No. 2 to Facebook CEO and co-founder Mark Zuckerberg.