Dow Jones and NASDAQ sharpen decline to over 1%

Economies.com
2022-05-12 14:08PM UTC

US Stock indices tumbled on Thursday following a batch of weak data and concerns about US inflation.

 

US producer prices rose 0.5% in April, matching estimates and compared to March's 1.4% rise.

 

Core prices, excluding  food and energy, rose 0.4%, missing estimates of 0.6%, and down from 1% in the previous reading. 

 

US unemployment claims rose to 203 thousand in the week ending May 7, missing estimates of 190K and compared to the previous reading's 202K, revised from 200K.

 

Dow Jones ell 0.7% as of 14:06 GMT to 31,608, while S&P 500 slid 0.9% to 3,899, as NASDAQ gave up 0.9% to 11,261. 

American Markets News

Americas News

Markets

Dow Jones rises ahead of US inflation data
2024-03-27 15:35PM UTC
Most US stock indices rose on Wednesday ahead of new important US data on growth and personal ...
Americas News

Markets

Wall Street gains ground following positive data
2024-03-26 15:41PM UTC
US stock indices rose on Tuesday after a series of losses as markets assess latest ...
Americas News

Markets

Wall Street loses ground as the week opens up
2024-03-25 16:16PM UTC
Most US stock indices declined on Monday as markets assess the Federal Reserve’s stance on ...