N@N

Stock market today: Good news on the economy fans inflation fears and drags Wall Street lower again

The article from MSN discusses the recent performance of Wall Street, where major stock indexes like the Dow Jones Industrial Average, S&P 500, and Nasdaq experienced declines. This downturn came despite positive economic news, such as a drop in weekly jobless claims to 201,000, indicating a robust labor market. However, this good news paradoxically raised concerns about inflation. Investors are worried that a strong economy might prompt the Federal Reserve to maintain or even increase interest rates to combat potential inflation, which could negatively impact stock valuations. Additionally, the market was influenced by mixed earnings reports, with companies like Cisco Systems reporting better-than-expected earnings but still facing stock price drops due to broader market concerns. The article also touches on the anticipation of upcoming economic reports, like the personal consumption expenditures price index, which could further influence market sentiment regarding inflation and monetary policy.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/stock-market-today-wall-street-sinks-after-good-news-on-the-economy-raises-worries-about-inflation/ar-BB1rcJgQ ]