#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto

To get the latest market news check out finance.yahoo.com

Stocks finished lower on Friday, notching a second consecutive losing week for Wall Street, as investors weighed the impact of hot inflation prints on the Federal Reserve’s policy decision next week.

The S&P 500 (^GSPC) lost 0.7%, while the Dow Jones Industrial Average (^DJI) shed 0.5% or nearly 200 points. The tech-heavy Nasdaq Composite (^IXIC) decreased close to 1%. All three major indexes lost ground for the week.

Stocks slipped further after Thursday’s losses, which came as another hotter-than-expected inflation report spooked investors into rethinking bets on a June interest rate cut. The report supported concerns that “sticky” inflation could be more difficult to tame than the Fed had expected.

With no big data releases on Friday’s docket, eyes are turning to the February PCE report — the Fed’s preferred inflation measure — for more clarity on whether inflation is cooling as fast as the central bank wants. But that reading won’t come until near the end of March, after the Fed’s policy decision next week.

Meanwhile, bitcoin (BTC-USD) pulled back further from its latest record high above $73,000 to $68,000 by the end of the normal trading day.

Elsewhere in corporates, Adobe (ADBE) shares fell around 14% after its downbeat quarterly sales forecast fueled worries about competition from AI startups. And Zillow (Z) tumbled 13% Friday, alongside other real estate names, after the National Association of Realtors reached a legal settlement that paves the way for home buyers and sellers to pay lower commissions.

For more on this article, please visit:
…(read more)

HOW TO: Hedge Against Inflation

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

The stock market experienced a second consecutive week of losses as investors reacted to the latest inflation data, which cast doubt on expectations of a rate cut by the Federal Reserve.

The S&P 500 and the Dow Jones Industrial Average both finished the week lower, with the S&P 500 slipping 0.3% and the Dow dropping 0.7%. The tech-heavy Nasdaq Composite also fell, losing 0.3% for the week.

The main driver of the market’s decline was the release of the latest consumer price index (CPI) data, which showed a larger-than-expected increase in inflation. The CPI rose 0.4% in May, the biggest monthly gain in over a year, driven by higher prices for energy and food.

This spike in inflation raised concerns among investors that the Federal Reserve may not be as eager to cut interest rates as previously thought. Expectations of a rate cut had been driving the market higher in recent weeks, as investors anticipated that lower rates would help to stimulate economic growth.

However, the latest inflation data has muddied the waters, creating uncertainty about the Fed’s next move. Some analysts believe that the Fed may now be more hesitant to cut rates, as higher inflation could lead to concerns about the potential for rising prices and overheating in the economy.

In addition to the inflation data, ongoing trade tensions between the U.S. and China also weighed on the market. President Trump has threatened to impose tariffs on an additional $300 billion worth of Chinese goods if a trade deal is not reached at the upcoming G20 summit later this month.

This uncertainty surrounding trade talks has added to the market’s volatility, as investors grapple with the potential impact of escalating tariffs on global economic growth.

Despite the recent losses, the stock market remains near record highs, fueled by strong corporate earnings and solid economic data. However, the uncertainty surrounding trade tensions and the Fed’s next move are likely to continue to influence market sentiment in the weeks ahead.

Investors will be closely watching for any further developments on the trade front, as well as upcoming economic indicators, to gauge the health of the economy and the likelihood of a rate cut by the Fed.

Overall, the stock market today is facing a range of challenges, from inflation data to trade tensions, that are causing uncertainty and volatility. Investors will need to stay vigilant and stay informed as they navigate these turbulent waters in the weeks ahead.