Economic news
US stock market in red zone due to risk of inflation
2022.12.09 09:58
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US stock market in red zone due to risk of inflation
Budrigannews.com – Friday’s lower opening of Wall Street’s main indexes was caused by concerns that the Federal Reserve may extend its aggressive interest rate hikes due to a higher-than-anticipated rise in producer prices.
The opened at 33,746.71, down 0.10 percent or 34.77 points. At 3,954.17 at the opening bell, the lost 9.34 points, or 0.24 percent, while at 11,038.17, it lost 43.83 points, or 0.40 percent.
