Daily Stock Market News

Stock Market Today: Stocks Sell Off to Close a Disastrous September


It was a fitting end to what turned out to be a tough week, month and quarter for stocks, with the negative price action driven by fears of Fed rate hikes, stubbornly high inflation and a slowing economy.

Stocks started Friday in the red after this morning’s personal consumption and expenditures index, which measures price changes for household spending and is the Fed’s preferred measure of inflation, came in higher than expected. Specifically, data from the Commerce Department showed core consumer prices, which exclude volatile food and energy prices, were up 0.6% month-over-month and 4.9% year-over-year in August. 





Read More: Stock Market Today: Stocks Sell Off to Close a Disastrous September

You might also like
A note to our visitors

This website has updated its privacy policy in compliance with changes to European Union data protection law, for all members globally. We’ve also updated our Privacy Policy to give you more information about your rights and responsibilities with respect to your privacy and personal information. Please read this to review the updates about which cookies we use and what information we collect on our site. By continuing to use this site, you are agreeing to our updated privacy policy.