Wednesday, September 14, 2022

Stubbornly high inflation rocks Wall Street

On today's "Markets Now" show, Stifel's Lindsey Piegza explains how the latest CPI and PPI data underscore the complexities of inflation. Plus, JP Morgan's David Kelly says Wall Street's reaction to the disappointing CPI was overblown. And Wedbush's Dan Ives breaks down the 4 scenarios he sees for Twitter vs. Elon Musk.
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Stubbornly high inflation rocks Wall Street
On today's "Markets Now" show, Stifel's Lindsey Piegza explains how the latest CPI and PPI data underscore the complexities of inflation. Plus, JP Morgan's David Kelly says Wall Street's reaction to the disappointing CPI was overblown. And Wedbush's Dan Ives breaks down the 4 scenarios he sees for Twitter vs. Elon Musk. Read more »
 
The Fed could crash the housing market
Investors are getting spooked that the Federal Reserve's aggressive interest rate hikes could damage the US economy (just look at Tuesday's selloff).  Read more »
 
King Charles got the ultimate promotion. 100 staffers could lose their jobs
About 100 people who worked for Prince Charles could lose their jobs now he has become King, a labor union said Wednesday. Read more »
 
As markets wobble, buy the stocks that pay you back
Tuesday's massive stock market meltdown should serve as a reminder to investors that in times of turmoil, it pays to own shares of companies that also pay you. Read more »
 
McDonald's is closing all its UK restaurants Monday for the Queen's funeral
McDonald's roughly 1,200 locations across the United Kingdom will close for most of the day Monday for Queen Elizabeth's funeral. Read more »
 
Asian markets fall, following US markets' worst day since June 2020
Markets in Asia Pacific fell on Wednesday, following a major drop in US markets as investors reacted to American inflation going higher than expected. Read more »
 
 
 
 
Dow Nasdaq S&P
+30.12   +86.10   +13.32
31,135.09   11,719.68   3,946.01
+0.10%   +0.74%   +0.34%
YTD -14.32%   YTD -25.09%   YTD -17.21%
 
Biggest Winners
Coterra Energy Inc +7.22%
 
Royal Caribbean Cruises Ltd +5.38%
 
Conocophillips +4.79%
 
Norwegian Cruise Line Holdings Ltd +4.65%
Biggest Losers
Nucor Corp -11.31%
 
Centene Corp -6.79%
 
Charles River Laboratories International Inc -5.22%
 
Oracle Corp -5.16%
Hottest ETF
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Key Market Stats Latest Today's Change
Oil $89.09 +1.78 / +2.04%
Gold $1,706.50 -10.90 / -0.63%
10-yr 3.41% -0.01
Euro $1.00 -0.00 / -0.03%
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