TOSBF - Inflation Weighs On Stocks Consumer Sentiment

Stocks are due to drop for the first time in six weeks as a key inflation report came in hotter than expected. October's Consumer Price Index increased by 0.9% month-over-month, well more than the 0.5% anticipated by economists. The year-over-year figure stood at 6.2%, its highest level since 1990. The preliminary University of Michigan Consumer Sentiment survey declined to its lowest level in a decade primarily due to inflation concerns, though stocks recovered some ground today. Bond markets have begun to signal that the Federal Reserve could be forced to act sooner than anticipated in raising interest rates. At the time of this writing (3:45pm EDT on Friday), the S&P 500 (SP500) is down about 0.3% week-over-week while the Nasdaq has dropped 0.7% and Dow Industrials (DJI) are off 0.6%. Winners & Losers Many winners and losers were determined by earnings this week. Beyond Meat (BYND), Paypal (PYPL), Bumble (BMBL),

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Inflation Weighs On Stocks, Consumer Sentiment