EEMA - Asia Market Mostly Down Europe Up While Crude Oil Hoovers Near $80 - Global Markets Today While US Slept | Benzinga
On Thursday, March 14, U.S. markets ended the day in the red, dragged lower by continuing losses in chipmaker stocks and a surge in producer prices, fueling speculation that the Federal Reserve may postpone interest rate cuts.
In economic data, the U.S. Producer Price Index rose by 0.6% month-over-month, surpassing expectations of a 0.3% increase. Retail sales in February grew by 0.6%, against a predicted 0.8% rise following January’s 1.1% drop. Initial jobless claims fell slightly to 209,000 for the week ending March 8, below the anticipated 218,000.
Most S&P 500 sectors ended lower, notably real estate, consumer staples, and utilities. Energy and communication services, however, closed higher.
The Dow Jones ...