Market News

Tech Stocks Plunge as Investors Shift Focus to Inflation Data: Latest Stock Market News Today

Data, Focus, Inflation, Investors, Latest, Market, News, Plunge, Shift, Stock, Stocks, Tech, Today

Wall Street Stocks Finish Lower as Apple Event Begins

Wall Street Stocks Finish Lower as Apple Event Begins

Tech Stocks Retreat as Apple Event Takes Place

  • Nasdaq Composite (^IXIC) drops over 1%
  • Oracle stock (ORCL) tumbles after reporting slowing cloud sales growth
  • S&P 500 (^GSPC) decreases by about 0.6%
  • Dow Jones Industrial Average (^DJI) finishes roughly flat

Apple Announces iPhone 15 at Annual Event

  • Apple stock (AAPL) declines by 1.7%
  • Anticipation builds for blockbuster Arm IPO
  • Arm closes its order book early due to high demand

Rising Oil Prices Add to Inflation Concerns

  • WTI crude (CL=F) and Brent (BZ=F) futures trade near nine-month highs
  • OPEC data shows a supply shortfall of over 3 million barrels a day next quarter

Investors Await US Inflation Data

  • Crucial data to be released on Wednesday
  • Signs of a spending slowdown are being monitored
  • August retail sales report to provide further insight

Fed’s September Meeting and Interest Rate Hikes

  • Data will influence the Federal Reserve’s decisions
  • Market assesses whether more rate hikes are possible
  • Impact of rate hikes on the stock market is being considered

Leave a Comment