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Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady
NEW YORK (AP) — Most stocks fell on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and some other influential Big Tech companies helped mask the losses.
Big Tech keeps Wall Street steady amid disappointing inflation report
Most stocks are falling on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and some other influential Big Tech companies are helping to mask the losses.
Factory-gate prices rose by a much stronger-than-expected 0.9% in July ...
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The rally in small-cap stocks fizzled, with investors buying shares of large tech and financial companies.
The stock market's on pace to snap a three-day winning streak after an inflation report nudged some investors to pare back rate cut hopes.
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