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The market is entering a typically soft period and inflation worries have weighed on sentiment this time around.
(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds. Equities moved away from their all-time highs after the core consumer price index topped estimates and climbed the most in eight months. Treasuries sold off, with two-year yields hitting the highest since before…
Strength in a number of mega-cap tech stocks helped the Nasdaq outperform and the S&P 500 tackle a psychologically significant technical level.
The benchmark index sailed past the 5,000 milestone on Friday after revised CPI data showed inflation cooling at a faster rate.
U.S. stocks ticked higher to set more records as evidence piled up to show the job market remains remarkably solid. The S&P 500 inched up by 0.1% Thursday. The Dow