Market Report - US Close

US close: Rising yields hit stocks as inflation proves sticky in Q1

By Benjamin Chiou

Date: Thursday 25 Apr 2024

(Sharecast News) - US stocks fell sharply on Thursday after data confirmed the stickiness of inflation in the first quarter despite a drop in economic growth which pushed bond yields to their highest in six months.
Despite paring losses by the close, the Dow still finished down 0.98%, while the S&P...

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