
Stock Market Today: Stocks Drop as Allure Grows to Buy Treasury Bill and Chill
Wall Street experienced a sharp decline as U.S. interest rates are expected to remain high, causing stocks to fall worldwide.
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Wall Street experienced a sharp decline as U.S. interest rates are expected to remain high, causing stocks to fall worldwide.
Inflation is expected to be lower in the coming months, but elevated gasoline prices and labor movements could put upward pressure on prices.
Instacart's stock opened at $42 a share, 40% higher than anticipated, with a market valuation of roughly $13.9 billion.
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British chipmaker Arm debuted on the public markets, with shares jumping 10% and climbing over 20% in the first 30 minutes of trading.
Arm's oversubscribed IPO could have been priced at $52 per share, above the indicated range of $47 to $51.
Wall Street indexes gain as data suggests the Federal Reserve may keep interest rates unchanged in September.
Tesla, CVS Health, and Qualcomm were the top performers on the S&P 500, while Rtx Corp, JM Smucker Company, and Newell Brands were the worst performers. Rising stocks outnumbered declining ones on the NYSE and Nasdaq. Shares in Rtx Corp, JM Smucker Company, Walgreens Boots Alliance, Intel Corporation, Tenon Medical, Crinetics Pharmaceuticals, and Solowin Holdings either reached 52-week lows or all-time lows. The CBOE Volatility Index was down, while gold futures and crude oil prices fluctuated.
ECB expected to raise rates as Fed raises interest rates.
Wall Street sees gains, but mixed results from Netflix and Tesla.
Wall Street's winning week continues as inflation eases on economy.
U.S. stocks rise as inflation eases, tech sector leads gains.
Inflation drops to lowest level in over two years, benefiting economy and stock market.
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