Wall St slips in choppy trading ahead of inflation data; Dow falls 179 points
2 years, 7 months ago

Wall St slips in choppy trading ahead of inflation data; Dow falls 179 points

Live Mint  

Wall Street's main indexes fell in volatile trading on Tuesday dragged down by banks and some megacap growth stocks as investors fretted over prospects of aggressive monetary tightening and slowing economic growth. Cleveland Fed President Loretta Mester said the U.S. economy will experience turbulence from the Federal Reserve's efforts to bring down inflation running at more than three times above its goal and recent volatility in the stock market would not deter policymakers. The S&P 500 index and the Nasdaq have dropped over 16% and 25%, respectively, this year due to the Ukraine conflict, China's COVID-19 lockdowns roiling global supply chains and rising bond yields as traders adjust to higher U.S. interest rates. "The uncertainty around the Fed and the geopolitical situation leads me to believe that people are going to end up being a little bit more cautious," said Robert Gilliland, managing director at Concenture Wealth Management.

History of this topic

Wall Street today: US stocks mixed as funding bill averts partial shutdown, Nvidia gains 1.6%, Qualcomm climbs 2.8%
Trending News
1 day, 10 hours ago
Wall St futures choppy as investors digest Fed’s rate cut view
Trending News
1 day, 12 hours ago
Wall Street heads for upbeat open as investors cheer US inflation data
Trending News
1 day, 12 hours ago
Wall Street Holidays next week: NYSE, Nasdaq to remain closed on THESE days
Trending News
2 days, 16 hours ago
How major US stock indexes fared Friday, 12/20/2024
4 days, 4 hours ago
How major US stock indexes fared Thursday, 12/19/2024
5 days, 4 hours ago
Wall Street today: US stocks edge higher in anticipation of Fed rate cut, Nvidia rallies
6 days, 10 hours ago
How major US stock indexes fared Tuesday, 12/17/2024
1 week ago
Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve’s meeting
1 week, 1 day ago
How major US stock indexes fared Thursday, 12/12/2024
Trending News
1 week, 5 days ago
Wall Street today: S&P 500, Nasdaq slid at US market open as investors eye economic data ahead of Fed meeting
1 week, 5 days ago
Wall Street’s rally stalls as Nasdaq pulls back from its record
1 week, 6 days ago
Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000
1 week, 6 days ago
Wall Street gets back to climbing, and the Nasdaq tops 20,000
2 weeks ago
How major US stock indexes fared Tuesday, 12/10/2024
2 weeks ago
Wall Street today: US stocks open mixed; Google rises over 4%, Oracle slumps 8%
2 weeks ago
Stock market today: Wall Street slips to a rare back-to-back loss
2 weeks ago
Stock market today: Wall Street slips to a rare back-to-back loss
2 weeks, 1 day ago
Stock market today: Nvidia drags Wall Street from its records as oil and gold rise
2 weeks, 1 day ago
How major US stock indexes fared Friday, 12/6/2024
2 weeks, 4 days ago
Wall Street today: US stocks edge higher after strong jobs data
2 weeks, 4 days ago
How major US stock indexes fared Thursday, 12/5/2024
2 weeks, 5 days ago
How major US stock indexes fared Wednesday, 12/4/2024
2 weeks, 6 days ago
How major US stock indexes fared Tuesday, 12/3/2024
3 weeks ago
Wall Street today: S&P 500 and Dow Jones slip, Nasdaq edges higher
3 weeks ago
Stock market today: Wall Street inches higher to set more records
3 weeks ago
Wall Street inches higher, setting more records
3 weeks, 1 day ago
How major US stock indexes fared Friday, 11/29/2024
3 weeks, 6 days ago
How major US stock indexes fared Friday, 11/22/2024
1 month ago
Wall Street turns positive as Dow hits one-week high
Trending News
1 month ago
Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000
1 month ago
Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%
1 month ago
Stock market today: Wall Street drifts as Target tumbles
1 month ago
How major US stock indexes fared Tuesday, 11/19/2024
1 month ago
Wall Street today: US stocks slip as investors rush to safe-haven assets on escalating Russia-Ukraine tensions
1 month ago
How major US stock indexes fared Monday, 11/18/2024
1 month ago
Wall Street rises following last week’s slide
1 month, 1 week ago
How major US stock indexes fared Friday, 11/15/2024
1 month, 1 week ago
Wall Street today: S&P 500 falls toward worst loss since Election Day dragged by vaccine makers
1 month, 1 week ago
How major US stock indexes fared Thursday, 11/14/2024
1 month, 1 week ago
Stock market today: Wall Street weakens as its post-election boom slows some more
1 month, 1 week ago
Wall Street weakens as its post-election boom slows some more
1 month, 1 week ago
How major US stock indexes fared Monday, 11/11/2024
Trending News
1 month, 1 week ago
Dow Jones Industrial Average notches record high close
1 month, 1 week ago
Wall Street week ahead: Investors to closely watch inflation, retail sales data
1 month, 2 weeks ago
Wall Street on track to log best week in one year after Trump’s poll win; S&P 500, Dow in green after US Fed rate cut
1 month, 2 weeks ago
How major US stock indexes fared Thursday, 11/7/2024
1 month, 2 weeks ago
Wall Street today: US stock indices rise slightly after hitting record highs, spotlight on Fed interest rate decision
1 month, 2 weeks ago
US Stock Market Surges, Oil Prices Climb, and Treasury Yields Dip
Trending News
1 month, 2 weeks ago
Wall Street today: US stocks mixed ahead of presidential election, Nvidia rises 1.7%
1 month, 2 weeks ago

Discover Related