MT Newswires1d agobearish
US Equity Indexes Mixed This Week After Soft Inflation Prints, Slumping Retail Sales Set to Restrain Fed Policy HawksUS equity indexes were mixed this week as easing inflation and a drop in retail sales boosted the od
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Yahoo Finance Video71d agobearishVIDEO
Nasdaq plunges 1,100 points over renewed rate hike concernsUS stocks (^DJI, ^IXIC, ^GSPC) sink in Friday trading, the Nasdaq Composite leading losses and closing over 1,100 points lower (4.18%). The market is reacting to May's overwhelmingly positive labor data — 172,000 jobs added the US economy vs. estimates of 88,000 — raising investor concerns that the Federal Reserve may be inclined to hike interest rates. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the day's biggest market moves.
