Stocks Slide as PPI Stokes Inflation Worries
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Description
The major equity indexes fell after a stronger-than-expected producer prices report reinforced ideas the Fed won't be cutting rates soon.
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The S&P 500 index climbed to a three-week high after the Labor Department reported weaker-than-expected payroll growth, boosting rate cut hopes.
Published 05/03/24
Published 05/03/24
The S&P 500 index ends a two-day slide as investors took encouragement from Fed leader's comments and await the Labor Department update.
Published 05/02/24
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