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U.S. inflation rose 8.3% year-on-year in August, beating expectations, the Dow fell more than 900 points|Continued update

2022-09-13T16:08:39.574Z


Even with the sharp drop in gasoline prices, U.S. inflation is still higher than market expectations. [23:47] The Dow fell more than 900 points, or 2.8%; the S&P 500 fell 3.2%; the Nasdaq fell 4.1%. Facebook parent company Meta stock price


Even with the sharp drop in gasoline prices, U.S. inflation is still higher than market expectations.


[23:47]

The Dow fell more than 900 points, or 2.8%; the S&P 500 fell 3.2%; the Nasdaq fell 4.1%.

Shares in Facebook parent Meta fell 7.9 percent, with more than 490 stocks in the S&P 500 down.

[22:35]

The Dow fell more than 800 points

The three major U.S. stock indexes continued to decline

.

The Dow fell more than 800 points, or nearly 2.5%; the S&P 500 fell 2.8%; the Nasdaq fell nearly 3.5%.

[21:31] The three major U.S. stock indexes plummeted

Inflation data in the United States continued to heat up, and the market was worried that the Federal Reserve would raise interest rates sharply, and the three major indexes fell sharply.

The Dow opened down 515 points, or 1.6%; the S&P 500 fell 2%; the Nasdaq fell more than 2.5%.

[20:50] Dow futures fell more than 400 points

According to the U.S. labor statistics, the consumer price index (CPI) in August rose 8.3% year-on-year, higher than the market period of 8.1%, but still lower than the 8.5% in the previous month; excluding energy and food prices, the core CPI was month-on-month It rose 0.6% and 6.3% year-on-year, also higher than expected.

The market is worried that the U.S. Federal Reserve may take a more aggressive pace of interest rate hikes under the continued high inflation rate. U.S. Treasury bond yields soared. The 10-year U.S. Treasury bond yield soared 7 basis points to 3.43%; 4 basis points to 3.55%.

Dragged down by the data, Dow futures fell more than 400 points or 1.3%; S&P 500 futures fell 1.7%; Nasdaq futures fell 2.3%.

Source: hk1

All news articles on 2022-09-13

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