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2022-09-13

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Stock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report

Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.The Dow Jones Industri

Stock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report

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The S&amp;P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.</p><p>More than 490 stocks in the S&amp;P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.</p><p>The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month. On a year-over-year basis, inflation was 8.3%.</p><p>Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.</p><p>The report is one of the last the Fed will see ahead of their Sept. 20-21 meeting, where the central bank is expected to deliver theirthird consecutive 0.75 percentage point interest rate hiketo tamp down inflation. 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As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-13 22:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.</p><p>The Dow Jones Industrial Average slid 818 points, or 2.5%. The S&amp;P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.</p><p>More than 490 stocks in the S&amp;P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.</p><p>The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month. On a year-over-year basis, inflation was 8.3%.</p><p>Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.</p><p>The report is one of the last the Fed will see ahead of their Sept. 20-21 meeting, where the central bank is expected to deliver theirthird consecutive 0.75 percentage point interest rate hiketo tamp down inflation. The unexpectedly high August report could lead the Fed to continue its aggressive hikes longer than some investors anticipated.</p><p>The moves comes after four straight positive sessions for U.S. stocks, which were bolstered in part by the belief of many investors that inflation had already peaked.</p><p>“The CPI report was an unequivocal negative for equity markets. The hotter than expected report means we will get continued pressure from Fed policy via rate hikes,” said Matt Peron, director of research at Janus Henderson Investors. “It also pushes back any ‘Fed pivot’ that the markets were hopeful for in the near term. As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189570916","content_text":"Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.The Dow Jones Industrial Average slid 818 points, or 2.5%. The S&P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.More than 490 stocks in the S&P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.The August consumer price index report showed a higher-than-expected reading for inflation. 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The hotter than expected report means we will get continued pressure from Fed policy via rate hikes,” said Matt Peron, director of research at Janus Henderson Investors. “It also pushes back any ‘Fed pivot’ that the markets were hopeful for in the near term. As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":465,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":103906960,"commentId":"103906960","gmtCreate":1663083302203,"gmtModify":1663258808742,"authorId":3581968938507213,"author":{"id":3581968938507213,"idStr":"3581968938507213","authorId":3581968938507213,"name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9935629207,"objectIdStr":"9935629207","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"h","text":"h","html":"h","likeSize":0,"commentSize":1,"subComments":[{"id":103907401,"commentId":"103907401","gmtCreate":1663085679468,"gmtModify":1663258810035,"authorId":3573909472000815,"author":{"id":3573909472000815,"idStr":"3573909472000815","authorId":3573909472000815,"name":"Yellowbean","avatar":"https://static.tigerbbs.com/4d868cfe8be9b8f44346ca5e7792200f","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9935629207,"objectIdStr":"9935629207","type":1,"supId":103906960,"supIdStr":"103906960","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">👌🏻</span>","text":"<span class=\"s1\">👌🏻</span>","html":"<span class=\"s1\">👌🏻</span>"}],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}