Stocks Wobble, Treasury Yields Rise as Investors Assess Inflation Data
U.S. stock indexes fell and Treasury yields rose Wednesday morning following the release of inflation data at 8:30 a.m. ET.
The report came amid a stretch of high volatility in markets. The S&P 500 sunk to its lowest level this year Monday, before swinging wildly and edging up Tuesday,
The S&P 500 was recently up 0.3%. The Dow Jones Industrial Average was recently up 0.3%, while the Nasdaq Composite Index was off 0.2%.
Investors are examining the inflation data for clues on the pace of the Federal Reserve's interest-rate rises.
The consumer-price index rose to 8.3% in April, slightly above investors' forecasts, easing for the first time in months.
The slight easing of the U.S.'s annual inflation rate in April won't prevent the Federal Reserve from increasing interest rates significantly at its next meetings,
"Despite the relief in energy prices, the Fed's concerns about future price developments have therefore hardly diminished," the analysts say.
Suns rise in third quarter, pull away from Mavericks, take 3-2