Inflation Signal and Tech Slump Drag Wall Street as Cracker Barrel Surprises
TL;DR
Investors faced volatility ahead of May inflation data as tech shares led declines—Micron and Super Micro fell sharply while Nvidia slid—even as Cracker Barrel topped expectations and raised guidance. Global markets were mixed, with Europe lower and Asia posting varied results, highlighting ongoing concerns about inflation and the AI stock surge.
- World shares are mostly lower after a tech sell-off on Wall Street, while oil prices waver AP News
- Asia chip-linked shares recover after U.S. peers bounce back CNBC
- US inflation hits 4.2% in May as Trump’s Middle East conflict drives up prices - business live The Guardian
- Emerging-Market Stocks Rise Most in Two Months on AI Dip-Buying Bloomberg.com
- Stock market jitters remain amid tech fears and renewed Middle East attacks BBC
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