Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid

By CCN Markets: The Dow and broader U.S. stock market headed for a soft landing Wednesday after another batch of disappointing inflation figures pointed to a slowing domestic economy. Dow, S&P 500 Slide for Second Consecutive Day All of Wall Street’s major indexes swung lower on Wednesday, continuing a disappointing end to the previous session and mirroring a slow morning for Dow futures. The Dow Jones Industrial Average dropped 46.67 points, or 0.18%, to 26,001.84. The broad S&P 500 Index of large-cap stocks declined 0.21% to 2,879.72. Five of 11 primary sectors traded lower, with energy stocks declining sharply. Meanwhile,

The post Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid appeared first on CCN Markets

HelpMyWallet | All About Crypto
Join our Bitcoin Insiders Email Group!
You will be the first to know about upcoming products and services. You will also be entered to win weekly giveaways!
We respect your privacy.