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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street falls from records after data shows inflation spike</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street falls from records after data shows inflation spike\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 05:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/wall-street-falls-from-records-after-data-shows-inflation-spike><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (AFP) - Major US stock indices closed lower on Tuesday (July 13) after government data showed inflation continued to climb in June, overshadowing big earnings announcements from major banks.\n...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/wall-street-falls-from-records-after-data-shows-inflation-spike\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"http://www.straitstimes.com/business/companies-markets/wall-street-falls-from-records-after-data-shows-inflation-spike","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151202560","content_text":"NEW YORK (AFP) - Major US stock indices closed lower on Tuesday (July 13) after government data showed inflation continued to climb in June, overshadowing big earnings announcements from major banks.\nThe day began with the Labour Department report showing the Consumer Price Index spiked 5.4 per cent, not seasonally adjusted, over the 12 months ended in June, its highest rate since August 2008.\nEven though top Federal Reserve officials say the big price increases will be temporary, persistently high inflation could cause policymakers to back away from the massive stimulus policies that markets have come to love since the Covid-19 pandemic began.\nAll three major indices had ended at records on Monday, but at the close of trading Tuesday the benchmark Dow Jones Industrial Average was 0.3 per cent lower at 34,888.79.\nThe broad-based S&P 500 lost 0.4 per cent to end at 4,369.21, while the tech-rich Nasdaq Composite Index fell 0.4 per cent to 14,677.65.\nMany of the price increases were concentrated in sectors that experienced major declines during the pandemic shutdownx and are now seeing a resurgence in demand.\nBut Art Hogan of National Securities said the high reading was enough to spook markets.\n\"While it's easy to explain away a lot of the pieces that made that print, it's certainly added some concern to the broader market in general that perhaps inflation will be less transitory than we thought,\" he said.\nMajor US companies are reporting second-quarter earnings this week, and before markets opened, Goldman Sachs and JPMorgan Chase announced soaring profits compared with the same period of 2020.\nHowever, Goldman's stock closed 1.2 per cent lower and JPMorgan lost 1.5 per cent in what Hogan said was a \"sell the news reaction\" that is a consequence of investors pricing in the positive performance.\nBoeing lost 4.2 per cent after saying it will temporarily reduce production of its 787 Dreamliner after identifying a new issue with the jet during inspections.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/145886802"}