US equities wrap up a troublesome week as inflation bites


On the day:

  • S&P 500 -1.0%
  • DJIA -1.1%
  • Nasdaq Comp -1.7%
  • Russell 2000 -1.2%
  • Toronto TSX -0.3%

On the week:

  • S&P 500 -2.7% — worst since Dec
  • Nasdaq Comp -3.3% — worst since Dec
  • Russell 2000 -3.1%
  • Toronto TSX -1.7%

It was a tough one for US shares however not as dangerous because it appeared noon. The S&P 500 fell 45 factors to 3974 after falling as little as 3947. There have been a sequence of upper lows all through the day, indicating that dip consumers are nonetheless lurking. The 200-day transferring common held in the present day on the primary problem.

The larger story is the bond market with US 2s closing at 4.81%, which is the very best since 2007.



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