When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
US markets ended the week down significantly, driven by mixed economic indicators.
A new 40Y record high CPI print walked back all talk of a peak in inflationary pressures. Core YoY CPI May print also came in higher than consensus at 6%.
As a result of a new CPI high, the breakeven inflation rate has surged past 3% as traders brace and price in further rate hikes.
Weak personal savings rate, poor preliminary consumer sentiment, declining household wealth and a downwards revision in Q2 GDP expectation all also contributed to the selloff.