Stocks fall, inflation jumps 7.9%, gas hits new high: LIVE UPDATES

Developing Story

Gold crosses back above $ 2,000

Symbol Price Change % Change
GLD $ 186.80 +0.93 + 0.50%

Gold, a safe haven amid Russia-Ukraine uncertainty and a hedge to inflation, rising.

First Wall Street exits Russia

Symbol Price Change % Change
GS $ 333.59 +12.22 + 3.80%

Goldman Sachs made its announcement on Thursday

Investors celebrate Amazon’s 20-for-1 stock split

Amazon’s 20-for-1 stock split is set for shareholders of record on May 27, 2022.

Symbol

Price Change % Change
AMZN $ 2,785.58 +65.29 + 2.40%

Breaking News

US sink after hot inflation data

Symbol Price Change % Change
I: DJI $ 32,969.23 -317.02 -0.95%
SP500 $ 4,232.32 -45.56 -1.07%
I: COMP $ 13,065.24 -190.30 -1.44%

US stocks fell in early trading after the CPI Index jumped 7.9% to a 40-year high.

Breaking News

Inflation gets hotter CPI jumps

The Consumer Price Index rose 7.9% largely driven by energy prices. The February read does not include the Russia, Ukraine conflict.

Stock futures fall ahead of key inflation reading

US equity futures traded lower Thursday morning, ahead of the release of a key inflation report. Soaring US inflation is expected to continue its surge with no sign of relief in sight, as the costs of consumer goods like gasoline and household items climb to new heights. Continue reading

Breaking News

Gas prices hit new high

The average price for a gallon of gasoline in the US hit a new record high on Thursday, jumping 6 cents from the day before to $ 4,318 according to the latest numbers from AAA.

The previous record was $ 4,252, set on Wednesday March 9, 2022.

Oil rises as market looks at how to fill supply gap

The price of oil resumed its move higher on Thursday morning after a sharp drop on Wednesday. The market is examining whether major producers will raise supply in an attempt to help plug the output lost from Russia due to sanctions for its invasion of Ukraine. Continue reading

Bitcoin pulls back to around $ 39,000 following Wednesday surge

Bitcoin was trading around $ 39,000 Thursday morning, giving back some gains picked up Wednesday. Bitcoin remains down more than 9% year-to-date. Continue reading

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