Vj84
2021-11-11
Well this is a threat to tech stocks..
Wall Street closes lower as economic data raises long-term inflation threat
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It's hard to talk about anything but inflation.\"</p>\n<p>And Gregory Daco, chief economist of Oxford Economics, believes this report means current price spikes have some staying power.</p>\n<p>\"I think things will continue to get worse before they get better in terms of the inflation outlook because we don't see core inflation peaking until sometime in early 2022,\" Daco said.</p>\n<p>The graphic shows core CPI along with other indicators and where they stand relative to the Fed's average annual 2% inflation target.</p>\n<p>The CBOE Volatility index a gauge of investor anxiety, touched its highest level in nearly <a href=\"https://laohu8.com/S/AONE.U\">one</a> month.</p>\n<p>Unofficially, the Dow Jones Industrial Average fell 241.69 points, or 0.67%, to 36,078.29, the S&P 500 lost 38.54 points, or 0.82%, to 4,646.71 and the Nasdaq Composite dropped 264.41 points, or 1.66%, to 15,622.13.</p>\n<p>Tech weighed heaviest on the S&P 500, with megacaps Apple Inc and Microsoft Corp among the biggest drags.</p>\n<p>Third-quarter earnings season has reached the final stretch, and of the companies having reported, 81% have beaten street expectations.</p>\n<p>Walt Disney Co is expected to post quarterly results after the bell.</p>\n<p>Tesla Inc reversed several sessions of declines in the wake of CEO Elon Musk's polling <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> users on whether he should sell 10% of his stake in the company he founded.</p>\n<p>This comes as rival electric vehicle maker Rivian Automotive Inc surged in its debut as a publicly traded company in an offering expected to raise nearly $107 billion.</p>\n<p>Shares of retail trading platform Robinhood Markets Inc added to their losses two days after the company reported a security breach affecting 5 million customers.</p>\n<p><a href=\"https://laohu8.com/NW/2182321053\" target=\"_blank\">Disney+ sees smallest subscriber growth since launch in battle with Netflix</a></p>\n<p>Revenue rose to $18.53 billion in the fourth quarter from $14.71 billion a year earlier. Analysts had expected $18.79 billion, according to IBES data from Refinitiv.</p>\n<p>Net income attributable to the company was $159 million, or 9 cents per share, compared with a loss of $710 million, or 39 cents per share, a year earlier.</p>\n<p><a href=\"https://laohu8.com/NW/2182505321\" target=\"_blank\">Affirm Stock Soar 27% Following Q1 Results, Expands Relationship With Amazon</a></p>\n<p>Affirm Holdings shares were trading around 27% higher after-hours, following the company’s reported Q1 results, with EPS coming in at ($1.13), worse than the consensus estimate of ($0.30). Quarterly revenue was $269.4 million, beating the consensus estimate of $248.23 million.</p>\n<p><a href=\"https://laohu8.com/NW/2182532300\" target=\"_blank\">SoFi Stock Jumps Up 11% Following Q3 Beat</a></p>\n<p>SoFi Technologies shares were trading around 11% higher after-hours, following the company’s reported Q3 results, with EPS coming in at ($0.05), better than the consensus estimate of ($0.16). Quarterly revenue grew 35% year-over-year to $272 million, beating the consensus estimate of $255.63 million.</p>\n<p><a href=\"https://laohu8.com/NW/2182805332\" target=\"_blank\">Beyond Meat Falls as Slower Sales Seen Persisting This Year</a></p>\n<p>The company’s gross margin slipped to 21.6%, well short of the 29.3% average analyst estimate. Beyond Meat attributed the weakness to factors such as transportation costs, higher inventory write-offs during the pandemic and elevated warehousing costs.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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 closes lower as economic data raises long-term inflation threat</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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 closes lower as economic data raises long-term inflation threat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 05:01 GMT+8 <a href=https://finance.yahoo.com/news/us-stocks-wall-street-closes-210113176.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Wall Street ended the session in negative territory on Wednesday as investor risk appetitive was curbed by surging consumer prices, which stoked worries of a protracted wave of hot ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-closes-210113176.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-closes-210113176.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2182058925","content_text":"(Reuters) - Wall Street ended the session in negative territory on Wednesday as investor risk appetitive was curbed by surging consumer prices, which stoked worries of a protracted wave of hot inflation.\nAll three major U.S. stock indexes lost ground, extending their losses throughout the trading day and adding to Tuesday's sell-off which snapped the S&P 500's and Nasdaq's eight-session runs of all-time closing highs.\n\"It's not surprising that after what was truly a historic run for the market to take a pause,\" said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. \"But we do think there are enough tailwinds heading into year-end to move the market higher.\"\nThe Labor Department's consumer price index (CPI), delivered a hotter-than-expected jump of 0.9% and the fastest year-on-year gain in 31 years.\nThe report hinted that the persistently tangled global supply chain could result in the current inflation wave taking longer to abate than many - including the U.S. Federal Reserve - had hoped.\n\"The inflation story is really the driver that drives all things,\" Mayfield added. \"It will affect Fed policy and fiscal policy, it's the driver of interest rates. It's hard to talk about anything but inflation.\"\nAnd Gregory Daco, chief economist of Oxford Economics, believes this report means current price spikes have some staying power.\n\"I think things will continue to get worse before they get better in terms of the inflation outlook because we don't see core inflation peaking until sometime in early 2022,\" Daco said.\nThe graphic shows core CPI along with other indicators and where they stand relative to the Fed's average annual 2% inflation target.\nThe CBOE Volatility index a gauge of investor anxiety, touched its highest level in nearly one month.\nUnofficially, the Dow Jones Industrial Average fell 241.69 points, or 0.67%, to 36,078.29, the S&P 500 lost 38.54 points, or 0.82%, to 4,646.71 and the Nasdaq Composite dropped 264.41 points, or 1.66%, to 15,622.13.\nTech weighed heaviest on the S&P 500, with megacaps Apple Inc and Microsoft Corp among the biggest drags.\nThird-quarter earnings season has reached the final stretch, and of the companies having reported, 81% have beaten street expectations.\nWalt Disney Co is expected to post quarterly results after the bell.\nTesla Inc reversed several sessions of declines in the wake of CEO Elon Musk's polling Twitter users on whether he should sell 10% of his stake in the company he founded.\nThis comes as rival electric vehicle maker Rivian Automotive Inc surged in its debut as a publicly traded company in an offering expected to raise nearly $107 billion.\nShares of retail trading platform Robinhood Markets Inc added to their losses two days after the company reported a security breach affecting 5 million customers.\nDisney+ sees smallest subscriber growth since launch in battle with Netflix\nRevenue rose to $18.53 billion in the fourth quarter from $14.71 billion a year earlier. Analysts had expected $18.79 billion, according to IBES data from Refinitiv.\nNet income attributable to the company was $159 million, or 9 cents per share, compared with a loss of $710 million, or 39 cents per share, a year earlier.\nAffirm Stock Soar 27% Following Q1 Results, Expands Relationship With Amazon\nAffirm Holdings shares were trading around 27% higher after-hours, following the company’s reported Q1 results, with EPS coming in at ($1.13), worse than the consensus estimate of ($0.30). Quarterly revenue was $269.4 million, beating the consensus estimate of $248.23 million.\nSoFi Stock Jumps Up 11% Following Q3 Beat\nSoFi Technologies shares were trading around 11% higher after-hours, following the company’s reported Q3 results, with EPS coming in at ($0.05), better than the consensus estimate of ($0.16). Quarterly revenue grew 35% year-over-year to $272 million, beating the consensus estimate of $255.63 million.\nBeyond Meat Falls as Slower Sales Seen Persisting This Year\nThe company’s gross margin slipped to 21.6%, well short of the 29.3% average analyst estimate. Beyond Meat attributed the weakness to factors such as transportation costs, higher inventory write-offs during the pandemic and elevated warehousing costs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":589,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":31,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/870856679"}
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