"Inflation Data Sparks Stock Market Slide and Treasury Yield Surge: Live Updates"
TL;DR Summary
The S&P 500 and Dow Jones Industrial Average declined after a higher-than-expected wholesale inflation print, with investors eyeing the data ahead of the Federal Reserve's policy meeting next week. Retail sales rebounded in February, while oil prices rose due to falling inventories and drone attacks on Russian refineries. Former Treasury Secretary Steven Mnuchin announced plans to assemble a group of investors to potentially buy TikTok, and Fisker's shares plunged after reports of the EV maker exploring a bankruptcy filing.
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- Stocks fall, US yields and dollar rise after inflation data Reuters
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