Strong US CPI spooks global investors, lifts dollar
U.S. stocks hit a one-month low on Tuesday amid the ongoing speculation that rising inflation pressure could prompt interest rate hikes sooner rather than later despite the Fed’s Powell has been steadfast in his view that it's too early to talk about policy changes
Wall Street stocks finished little changed on Tuesday as the Federal Reserve started its two-day policy meeting at which Fed Chairman Jerome Powell was expected to maintain his stance that interest rates won’t begin to rise until inflation exceeds the central bank’s target.
Wall Street stocks finished lower on Tuesday for the second session in a row despite upbeat corporate earnings reports for the first quarter, as investors expressed concerns about rising coronavirus cases globally.
Wall Street stocks were mostly higher on Tuesday despite the U.S. government reported consumer prices increased by 0.6% in March, the fastest rate since 2012.
Wall Street stocks finished marginally lower on Tuesday following the recent winning streak that took major indexes to fresh all-time highs.
US stocks finished marginally lower on Tuesday, as investor sentiment was affected by the resurgent bond yields and the persisting concerns over rising coronavirus cases in several countries.