Stock Market Volatile After Hot Inflation Report, But Apple, Techs Lag

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A nascent rally in U.S. government bonds was thrown off balance Wednesday by inflation data that was higher than Wall Street expected, marking the latest twist pinduoduo stock price in a tough year for bond investors. The Nasdaq gave back all of Tuesday’s gains and led the downside after April inflation data came in hotter than expected.

stock market news today

It’s hard to tell when there’s going to be a dip or correction, and “not even the best investors in history can time the market.” The best advice is to stick to your plan and keep investing. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. That should give rise to an interest rate of about 4.99% on direct student loans starting in July, after adding the 2.05-percentage-point premium nasdaq pdd that is set by Congress. Stocks slumped Wednesday after fresh data showed that inflation—though easing—remained higher than had been expected last month, feeding renewed anxiety about the Federal Reserve’s likely response. Sign up for a 3-week trial to watch live.Get MarketSmith, Save Over $90 Find top stocks with MarketSmith! For a limited time, get 3 weeks of access for only $19.95.All-New Moneyworks Lessons Ready to learn how to invest?

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stock market news today

The Nasdaq Composite slumped 3.2% as growth-related shares fared the worst, while the mega-cap Nasdaq 100 dropped 3.1% to a November 2020 trough. The small-cap Russell 2000 wiped out an advance of nearly 2% to close 2.5% lower. Longer-dated Treasuries strengthened, with the yield on the 10-year note slipping eight basis points (0.08%) to 2.91%, helped by strong demand metrics in the maturity’s $36 billion auction. Our market analysts keep you updated on the latest market trends including stock market data, news, market activity, and economic reports in the daily stock market commentary. We offer access to free stock quotes, stock charts, breaking stock news, top market stories, free stock analyst ratings, SEC filings, stock price history, corporate events, public company financials and so much more. Stock Market ( is a true disrupter, vastly improving the way people consume financial market data.


Instead, we think this volatility is an ongoing symptom of this phase in which markets are struggling to handicap the outcome of this faceoff between Fed tightening and a still-viable expansion. This report is not intended to be a client-specific suitability or best interest analysis or recommendation, an offer to participate in any investment, or a recommendation to buy, hold or sell securities. Do not use this report as the sole basis for investment decisions. Do not select an asset class or investment product based on performance alone. Consider all relevant information, including your existing portfolio, investment objectives, risk tolerance, liquidity needs and investment time horizon. The material contained herein has been prepared from sources and data we believe to be reliable but we make no guarantee to its accuracy or completeness. Whatever you do, invest early and often, especially if you have a long investment timeline.

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  • The consumer-price index rose to 8.3% in April, slightly above investors’ forecasts, easing for the first time in months.
  • Investors were looking for today’s CPI data to confirm the growing narrative that inflation has peaked, which was even suggested by a couple of Fed officials yesterday.
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  • Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University.

After a bumping trading day, the Dow, the S&P 500 and the Nasdaq all ended Wednesday in the red. IBD Videos Get market updates, educational videos, DotBig webinars, and stock analysis. TerraUSD plummeted to 23 cents, far below the $1 it’s supposed to be pegged to, The Wall Street Journal reported.

Wall Street Thinks These Stocks

The Las Vegas Strip Has a Secret Leader.One company — a name you don’t know — actually dominates the Las Vegas Strip. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. An ETF tracking companies that recently went public through IPOs is down 50% in 2022, while one tracking firms that went public through SPACs has tumbled about 35%. Rivian and DraftKings were recently up about 2%, while personal-finance firm SoFi Technologies added more than 5%. Both WTI and Brent have risen in four of the last six trading sessions. Pumpjacks near the site of a new oil-and-gas well being drilled in Midland, Texas, in April. The S&P 500 turned lower in the afternoon after spending much of the morning in the green, and its losses deepened as the closing bell neared.

News And Analysis For Those Planning For Or Living In Retirement

This chart shows that the unemployment rate has fallen sharply and remains low compared to historical standards. Corporate earnings are not immune to the rising-cost environment, but resilient profits remain a pillar of support. Corporate America is holding up fairly well, with profits expected to rise at a decent clip this year. Danny Vena