Stocks sink as Fed Chair Jerome Powell promises 'forceful and rapid' action on inflation

News: What you need to know about the markets     Stocks sink as Fed Chair Jerome Powell promises 'forceful and rapid' action on inflation Read more »   All eyes will be on Jerome Powell at the Fed's Jackson Hole economic summit Inflation talk is expected to dominate the Federal Reserve's annual summer gathering in Jackson Hole, Wyoming, which kicked off Thursday evening. Read more »   This closely watched inflation measure showed some cooling in July The Federal Reserve's favored inflation indicator showed that prices took a breather in July as energy prices continued to fall from record highs. Read more »   China and US sign deal that could avert mass stock delistings The US audit regulator said on Friday it has signed an agreement with Chinese regulators, taking a first step toward inspecting and investigating registered accounting firms in China and Hong Kong. Read more »   Russia is burning off millions of dollars in gas every day. Here's why Russia is burning an estimated $10 million worth of natural gas a day near its border with Finland, analysts say, even as it threatens to push Europe into a winter energy crisis by restricting exports to Germany and other countries. Read more »   All eyes on Jerome Powell at the Fed's Jackson Hole economic summit Inflation talk is expected to dominate the Federal Reserve's annual summer gathering in Jackson Hole, Wyoming, which kicked off Thursday evening. Read more »

Dow Nasdaq S&P 0.00   -497.56   -141.46 32,283.40   12,141.71   4,057.66 0.00%   -3.94%   -3.37% YTD -11.16%   YTD -22.39%   YTD -14.87%

Biggest Winners Molina Healthcare Inc +3.36%   CF Industries Holdings Inc +0.81%   Conocophillips +0.04% Biggest Losers 3M Co -9.54%   HP Inc -8.94%   Hewlett Packard Enterprise Co -7.22%   VF Corp -6.56%

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Key Market Stats Latest Today's Change Oil $93.00 +0.48 / +0.52% Gold $1,751.00 -20.40 / -1.15% 10-yr 3.04% +0.01 Euro $1.00 -0.00 / -0.10%

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