Francis Donald and Phil Blancato respond to the upcoming CPI inflation report on ‘making money’.
US stocks fell after Consumer Price Index It jumped 7.9% bolstering inflation fears.
The Dow Jones Industrial Average is down more than 300 points, or 1%, while the S&P 500 and Nasdaq Composite are down about 1%.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| Me: DJI | Dow Jones averages | 33052.85 | -233.40 | -0.70% |
| SP500 | Standard & Poor’s 500 | 4240 | -37.88 | -0.89% |
| I: COMP | Nasdaq Composite Index | 13066.869546 | -188.68 | -1.42% |
Russia invades Ukraine: live updates
US height economic inflation It is still a burden on Americans. The consumer price index for February reached 7.9% year-on-year, amid strong consumer demand and continuing supply chain problems linked to the pandemic. Energy prices led most of the increases.
The Ministry of Labor reported new weekly claims for unemployment benefits 227,000 were slightly above estimates. Continuing claims, which track the total number of unemployed people receiving benefits, rose to 1.490 million.
oil price It resumed its upward move after a sharp drop on Wednesday with US crude hovering around $109 a barrel.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| USO | United States Petroleum Fund LP | 74.97 | -0.47 | -0.62% |
| BNO | United STS BRENT OIL FD LP UNIT | 31.18 | -0.06 | -0.18% |
| UGA | Partnership Units in the United States Gasoline Fund LP | 56.76 | -1.55 | -2.66% |
Gas prices jumped to a new record high of $4.31 a gallon.
In stocks, Amazon is in the spotlight after announcing a 20-for-1 stock split to become the second big tech company after Google to split its stock.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 2929.44 | +143.86 | + 5.16% |
| ALPHABET INC. | 2668.40 | +126.31 | + 4.97% | |
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Bitcoin was trading around $39,000.
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Ken Martin of FOX Business and The Associated Press contributed to this report.
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