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Dow tumbles more than 750 points to new closing low for 2026, fueled by inflation woes; Fed holds steady on rates CNBCDow slides nearly 800 points after Fed meeting amid oil inflation USA TodayStock market today: Dow, S&P 500, Nasdaq slide as Federal Reserve holds rates steady Yahoo FinanceFed Meeting Today: Stocks Fall After Powell Voices Inflation Worries — Live Updates WSJ
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Households aren't broke, the available data indicate. They're just exhibiting a reluctance to spend.
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US bank told clients that European stocks exposed to private credit had 30 per cent ‘downside risk'
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The company is targeting a massive $2 billion quarterly revenue run rate within two years, driven by increasing demand for optical solutions for advanced AI workloads.
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Here's How Much Micron Stock Is Expected to Move After Earnings InvestopediaMicron revenue almost triples, tops estimates as demand for memory soars CNBCMicron posts better-than-expected Q2 results and Q3 guidance, but stock declines Yahoo FinanceMicron: The 4-To-1 New Catalyst (NASDAQ:MU) Seeking Alpha
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President Donald Trump on Wednesday took the much-anticipated step of waiving a 1920 law known as the Jones Act in an effort to combat soaring prices for crude oil and other key commodities.
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Macy's expects sales to fall this year, even as store revamp shows progress CNBCMacy's post strong sales from the holiday quarter and sees encouraging signs from revamped stores Yahoo FinanceMacy's proves Wall Street wrong again by growing sales, and the stock surges MarketWatchMacy's Same-Store Sales Boosted by Bloomingdale's While Guidance Mixed WSJ
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Delta soothes investor fears over the effect of rising oil prices by raising revenue guidance, and the stock surges.
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Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
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"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
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As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
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