Global marketsUpdated 9h ago

U.S. stocks fall as rate-hike expectations climb

Tuesday's inflation data came in hotter than expected, strengthening expectations of a Federal Reserve rate increase next month. U.S. stocks ended lower across the major indexes. Bloomberg reported that Treasury yields surged after Fed officials called for rate hikes in response to the data; at the close, the Nasdaq was down 0.74%, the S&P 500 0.38%, and the Dow 0.31%. The Nasdaq took the biggest percentage hit.

3 publishers3 reports

Coverage started Yesterday