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Stocks fall as inflation worsens extending rough week
Wall Street posted another losing week as inflation accelerated to 8.6 percent in May. The S&P 500 fell 2.9 percent, the Dow declined 2.7 percent, and the Nasdaq dropped 3.5 percent. Yields rose to multi year highs as investors anticipated continued Fed rate hikes.
MENTIONED IN THIS ARTICLE
New York
Wall Street
S&p
U.S
Federal Reserve
Fed
Brian Jacobsen
Allspring Global Investments
Jacobsen
Treasury