Market Updates
S&P 500, Nasdaq Turn Negative on Sustained Core Inflation Worries
Barry Adams
12 Apr, 2022
New York City
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Stocks turned lower and gave up early gains after the tech sector lost momentum and traders reviewed latest inflation data showing home price increase of only 5% setting the stage for elevated core inflation data in the months to follow. Oil prices jumped 5% above $100 a barrel after China relaxed lockdown measures. 10-year bond yield eased to 2.72% as investors await bank earnings on Thursday.
Annual Returns
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Earnings
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