Early Gains Evaporate, Stocks Finish Lower
Description
September14, 2021U.S. equities gave up an early advance and finished lower after initially getting a boost from a cooler-than-expected read on August consumer price inflation.
The Tesla rally contributed to early market gains, but strength faded amid rising Treasury yields and deflated hopes for rate cuts.
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Strong earnings reports from several big companies fueled renewed broad-based buying, helping lift the Dow Jones Industrial Average to a two-week high.
Published 04/23/24