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FINANCIAL - News, Alerts, Intel Release
U.S. Stocks Fall Sharply At Close
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<blockquote data-quote="Adam_Butler" data-source="post: 1209" data-attributes="member: 18"><p>The Dow Jones Industrial Average falls 638.11 points and closes at 32,272.79. The S&P 500 drops as well settling at 4,017.82. NASDAQ fell below 11,000 but narrowly made it back above it, closing at 11,754.23. All of this comes in anticipating the May consumer price index report which comes out tomorrow and is a key inflation report which has investors worried about the current state of the U.S. economy.</p><p></p><p></p><p></p><p>Casino stocks & Big Tech all plummeted today. Even Boeing couldn't negate the mass exodus by falling more than 4%. The health of the U.S. Economy has been assessed by investors for weeks now. In an attempt to slow down inflation, the Fed has starting raising interest rates and preventing an economic recession. Everything oil related keeps rising as well as small commodities that everyone needs in their daily lives. All while the President of the United States Joe Biden announces that he could not rule out a recession in the coming months.</p><p></p><p>Source #1 <a href="https://www.cnbc.com/2022/06/08/stock-market-futures-open-to-close-news.html" target="_blank">CNBC</a></p><p></p><p>Source #2 <a href="https://www.wsj.com/livecoverage/stock-markets-today-fed-rates-06-16-2022" target="_blank">The Wall Street Journal</a></p><p></p><p>Source #3 <a href="https://www.cbsnews.com/news/stocks-down-inflation-federal-reserve-interest-rate-06-16-2022-tesla-kroger-revlon/" target="_blank">CBS</a></p></blockquote><p></p>
[QUOTE="Adam_Butler, post: 1209, member: 18"] The Dow Jones Industrial Average falls 638.11 points and closes at 32,272.79. The S&P 500 drops as well settling at 4,017.82. NASDAQ fell below 11,000 but narrowly made it back above it, closing at 11,754.23. All of this comes in anticipating the May consumer price index report which comes out tomorrow and is a key inflation report which has investors worried about the current state of the U.S. economy. Casino stocks & Big Tech all plummeted today. Even Boeing couldn't negate the mass exodus by falling more than 4%. The health of the U.S. Economy has been assessed by investors for weeks now. In an attempt to slow down inflation, the Fed has starting raising interest rates and preventing an economic recession. Everything oil related keeps rising as well as small commodities that everyone needs in their daily lives. All while the President of the United States Joe Biden announces that he could not rule out a recession in the coming months. Source #1 [URL='https://www.cnbc.com/2022/06/08/stock-market-futures-open-to-close-news.html']CNBC[/URL] Source #2 [URL='https://www.wsj.com/livecoverage/stock-markets-today-fed-rates-06-16-2022']The Wall Street Journal[/URL] Source #3 [URL='https://www.cbsnews.com/news/stocks-down-inflation-federal-reserve-interest-rate-06-16-2022-tesla-kroger-revlon/']CBS[/URL] [/QUOTE]
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