Stock, inflation
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1don MSN
Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady
NEW YORK (AP) — Most stocks fell on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and some other influential Big Tech companies helped mask the losses.
The rally in small-cap stocks fizzled, with investors buying shares of large tech and financial companies.
The stock market cut losses but it wasn't enough to erase all of the early losses made on a hot inflation report.
Markets are facing a crucial reading on U.S. inflation in the coming week, soon after regaining their footing following volatility triggered by a weak jobs report at the start of August.
1d
Investor's Business Daily on MSNStock Market Rallies Amid Shifts Despite Hot Inflation; Amazon, CoreWeave In Focus: Weekly Review
The stock market had a strong week despite hot inflation, but with shifts underneath. Amazon jumped on a grocery delivery push.
After a breathtaking run, the market just flashed a rare signal that has an impressive track record of predicting a big move in the stock market over the coming 12 months.