✉news BusinessMarkets first seen 1 d ago, last 5 h ago, peak #1
Nasdaq slides as hot inflation data fuels rate-hike worries
Original: Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries
Wall Street's Nasdaq closed sharply lower after fresh inflation data came in hotter than expected, reviving fears that the Federal Reserve could keep interest rates higher for longer or deliver further hikes. Growth and technology stocks were hit hardest as investors repriced the outlook for borrowing costs, sending indices down across the board.
Why now: Traders are reacting to new inflation figures that raise expectations of additional interest rate hikes.
Rank over time, top of the chart is #1. 16 snapshots from 1 d ago to 5 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2275303