Category: bank and credit

Stocks tumble on dashed inflation hopes; S&P 500 loses 3%

Sep 13, 2022

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in bank and credit, Brent crude oil markets, Business, Central Banking, Commodity Markets, Crude oil markets, currency markets, Energy Markets, Financial Services, Inflation, Japanese yen, leading economic indicators, Prices, Recessions and depressions, share prices

[ad_1] NEW YORK — Stocks tumble and disappointment hit markets around the world on Tuesday after Wall Street’s sudden realization that inflation is not easing as much as hoped. pThe &P 500 was 3% lower in afternoon trade, threatening to snap a four-day winning streak. Bond prices also fell sharply, sending their yields higher after…