Stocks Fall in Worst Day Since July Amid AI and Rate Fears
Stocks posted their worst session since July as concerns about interest rates after a hot inflation reading combined with technology-sector jitters.
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09:39:57 PM UTC
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By Amanda Cooper and Chibuike OguhThe dollar rose while Wall Street stocks fell on Wednesday after data showed US consumer prices rose more than expected last month, briefly reviving bets the Federal Reserve may raise interest rates, though a currency pullback later tempered those expectations.US L…
By Sam Goldfarb and Jack Pitcher A previously calm stock market is now confronting pressure from multiple directions. On Wednesday, concerns about interest rates, fueled by a hotter-than-expected inflation reading, converged with increasing unease in the technology sector. The session opened with bond yields rising and…