Stocks Fall on Inflation Data; Anthropic Targets Lower IPO Valuation
Stocks fell after hotter-than-anticipated inflation data, while Treasury yields rose after the data and comments from Federal Reserve officials. Anthropic targeted a lower-than-anticipated valuation for its upcoming IPO.
MARKET WRAPSSTOCKS: Stocks fell after hotter-than-anticipated inflation data and as Anthropic targeted a lower-than-anticipated valuation in its upcoming initial public offering.TREASURYS: Treasury yields rose after inflation data and comments from Federal Reserve officials.FOREX: The U.S. dollar r…