✉news BusinessMarkets first seen 17 h ago, last 10 min ago, peak #1
Nasdaq falls sharply as hot inflation data stirs rate-hike worries
Original: Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries
The Nasdaq closed sharply lower after new inflation data came in hotter than expected, renewing concerns that the Federal Reserve may raise interest rates further. Investors sold off technology stocks in particular, which are especially sensitive to rate expectations. Traders are now watching upcoming economic releases and Fed commentary for clues on the pace of future policy moves.
Why now: Fresh inflation figures stronger than expected revived fears of additional interest rate hikes, hitting equity markets.
Rank over time, top of the chart is #1. 14 snapshots from 17 h ago to 10 min ago.
Evidence
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