Wednesday, 16 Jun 2021 07:05 AM MYT
Investors have been trying to balance optimism over the US economy’s reopening with fears recent sharp prices will be long-lasting, and the latter won out in the day’s trading, which saw the Dow lose 0.3 per cent and the Nasdaq tumble 0.7 per cent. Reuters pic
Follow us on Instagram and subscribe to our Telegram channel for the latest updates.
NEW YORK, June 16 US stocks retreated on inflation fears yesterday while European equities made gains, as investors await the outcome of the latest Federal Reserve meeting.
American traders began their morning with a flurry of government economic data for May pointing to a bumpy US recovery, including a 6.6 per cent spike in producer prices in the latest 12 months and a 1.3 per cent drop in retail sales.
United-states
American
Jerome-powell
Jeffrey-halley
Elon-musk
Instagram
National-securities
Federal-reserve
Nasdaq
Reuters
Fed-chair-jerome
Chris-low