📰 STOCKS | U.S. Stocks Fall as Manufacturing Data Signals Inflation Pressure
Source : Binance
description: U.S. stocks fell in early trading as higher oil prices pushed bond yields higher. According to Sina Finance, the decline widened after data showed U.S. manufacturing is facing inflation pressure. At 10:30 a.m. New York time, the S&P 500 was down 0.2%, the Nasdaq 100 fell 0.1%, and the Dow Jones Industrial Average lost 0.4%. Although U.S. manufacturing activity expanded at a slower pace in September, the raw materials price gauge jumped to its highest level since May. The S&P 500 was on track for its worst weekly performance since August, and the large-cap bank index fell 2%. BMO Capital Markets' Vail Hartman said the latest manufacturing report's prices paid component further confirmed upside risks to near-term inflation. Thomas Ryan of Capital Economics said the report's most worrying point was the sharp rebound in the prices paid index to 77.9. Minneapolis Fed President Neel Kashkari said he did not know how high rates would ultimately need to go to cool prices, and said containing inflation is the central bank's job after five years of supply shocks.
Time : 2026-10-01 15:13:52
Credit : binance news
Link : https://www.binance.com/en/square/post/372639468321828
$NEAR
Source : Binance
description: U.S. stocks fell in early trading as higher oil prices pushed bond yields higher. According to Sina Finance, the decline widened after data showed U.S. manufacturing is facing inflation pressure. At 10:30 a.m. New York time, the S&P 500 was down 0.2%, the Nasdaq 100 fell 0.1%, and the Dow Jones Industrial Average lost 0.4%. Although U.S. manufacturing activity expanded at a slower pace in September, the raw materials price gauge jumped to its highest level since May. The S&P 500 was on track for its worst weekly performance since August, and the large-cap bank index fell 2%. BMO Capital Markets' Vail Hartman said the latest manufacturing report's prices paid component further confirmed upside risks to near-term inflation. Thomas Ryan of Capital Economics said the report's most worrying point was the sharp rebound in the prices paid index to 77.9. Minneapolis Fed President Neel Kashkari said he did not know how high rates would ultimately need to go to cool prices, and said containing inflation is the central bank's job after five years of supply shocks.
Time : 2026-10-01 15:13:52
Credit : binance news
Link : https://www.binance.com/en/square/post/372639468321828
$NEAR