US stocks drop to their worst day since July as inflation worsens
US stocks dropped to their worst day since July on Wednesday, following the latest signal that inflation is getting worse. The S&P 500 sank 1.1 per cent for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average fell 48 points, or 0.1 per cent, and the Nasdaq composite slid 1.9 per cent as stocks in the artificial-intelligence industry led the way lower.…
Read original article on News - South China Morning Post →Related news
- Xi sends congratulatory letter to 140th Canton Fair
-
‘China shock 3.0’ to be driven by AI, biotech and robot exports, economist says
-
Susan Thornton on US-China ties, post-midterms and averting a new balloon crisis
-
Hegseth calls US$1.5 trillion defence budget ‘critical’ to counter China
-
Can China’s coal industry ride to the rescue of a world in oil shock?
-
Musk suggests US government behind any slowdown in Ukraine’s Starshield
- Expo in Ningxia brings wines closer to consumers
-
Bank of America fined US$1.21 billion as US flags suspected Chinese money laundering