Inflation fears rattle markets despite modest gains
The AP reports stock losses sparked by fear of higher inflation and rates though economists see little proof of accelerating prices. Mortgage and wage trends, a stronger dollar, and oil costs fuel worry, but some analysts call the drop an overreaction and note temporary factors like weather.
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Washington
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Michael Arone
State Street Global Advisers
Federal Reserve
Fed
Megan Greene
Manulife Asset Management
Markets wobble as rally fades and stocks close lower
Wall Street opened higher but slipped late as the Dow, S P 500, and Nasdaq finished down amid mixed gains. Energy and tech shares fell with oil, while bonds and precious metals also declined as investors weighed a volatile session and ongoing Fed risks.
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Tesla posts record quarterly loss as Musk SpaceX launch lifts shares
Tesla Inc reports a Q4 net loss of 675 million dollars, larger full year loss of 1.96 billion, with 3.3 billion revenue. Musk's SpaceX Falcon Heavy launch boosts shares while analysts question fund use. Separately Patrick Soon-Shiong to buy Los Angeles Times from Tronc for 500 million. Harley Davidson recalls over 251000 motorcycles for brake failures.
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