US stocks tumble on inflation data
US stocks tumbled on Tuesday after fresh data revealed that inflation eased somewhat, but stayed stubborn in January.
US stocks tumbled on Tuesday after fresh data revealed that inflation eased somewhat, but stayed stubborn in January.
A spike in yields can put pressure on stocks, since it increases the amount companies spend to cover the interest on their debt, in turn hurting their profit.
Six of the 11 primary S&P 500 sectors ended in the green, with consumer staples up 0.71 percent, outpacing the rest.
Market sentiment also turned sour amid disappointing US jobless claims numbers.
Walmart shares gave up earlier gains to close 2.12 per cent lower despite a better-than-anticipated quarterly profit.
Fears that an escalation of trade frictions between Washington and its key trading partners may have negative impact on the global economy continued to rattle investors, analysts noted
He believes that greater German involvement in the last stages of the negotiations - which have so far been driven mainly by the French - will tip the balance in the UK's favour.
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