Wall Street markets decline following higher-than-expected U.S. inflation data
Wall Street's main indices retreated on Tuesday as hot inflation data fueled rate-hike jitters. The Dow Jones Industrial Average fell 340.80 points, or 0.65 percent, to 52,048.95. Traders are pricing in an almost 99 percent chance of a hike in December.
- The Dow Jones Industrial Average fell 340.80 points, or 0.65 percent, to 52,048.95.
- Anthropic's IPO is expected to value the company at up to $1.4 trillion.
- Wall Street's main indices retreated on Tuesday.
- Fed Governor Christopher Waller discussed a rate increase of 50 basis points.
- Traders are pricing in an almost 99 percent chance of a hike in December.
Outlets: ABC Color, ABC News Australia (Top), Business Recorder, Business Standard, China Labour Bulletin, Dagens Næringsliv, El Comercio (Peru), Free Malaysia Today, Handelsblatt, The Korea Times, globalnews.ca
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