Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid

Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid


By CCN Markets: The Dow and broader U.S. stock market headed for a soft landing Wednesday after another batch of disappointing inflation figures pointed to a slowing domestic economy. Dow, S&P 500 Slide for Second Consecutive Day All of Wall Street’s major indexes swung lower on Wednesday, continuing a disappointing end to the previous session and mirroring a slow morning for Dow futures. The Dow Jones Industrial Average dropped 46.67 points, or 0.18%, to 26,001.84. The broad S&P 500 Index of large-cap stocks declined 0.21% to 2,879.72. Five of 11 primary sectors traded lower, with energy stocks declining sharply. Meanwhile,

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Posted by Sam Bourgi on June 12, 2019 @ https://www.ccn.com/dow-buckles-weak-inflation-fed-rate-cut

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