Yearly Archives - 2023

Dow falls as core inflation data is higher than expected

14 Sep 2023 - The Dow Jones Industrial Average fell Wednesday as traders absorbed a hotter-than-expected August core inflation print. 3M was the biggest laggard in the 30-stock Dow, dropping more than 5.7 per cent. Caterpillar shares were lower by 2%. Meanwhile, Apple shares declined more than 1%, falling for a second day.

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Energy stocks lead the market into positive territory

11 Sep 2023 - The US market closed slightly higher on Friday but overall finished the week lower as concerns resurfaced that the Federal Reserve may raise rates more than previously expected. Recent economic data, including lower-than-expected initial jobless claims, have reignited rate hike fears and concerns that the Federal Reserve may have more work ahead.

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