Markets
9.7
US inflation beats at 3.7%, sparks global tech selloff, Fed hawkish bets
Published 3 d ago9 sourcesEvidence: Reported
SeverityHighAssessedDeveloping storyAnadolu Agency ENUS
US equities opened mixed on Thursday, with the Nasdaq and S&P 500 extending losses as investors grow wary of credit risk from high corporate debt financing AI expansion. Hotter-than-expected US producer inflation and economic activity data added pressure, while the Dow rose. The divergence highlights sector-specific stress in tech amid broader macro concerns.
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