Yahoo Finance's Brian Cheung details how July CPI and inflation data are impacting stocks, the bond market, volatility, and housing prices.
U.S. stocks ended lower on Tuesday triggered by a selloff in semiconductor and tech stocks, following disappointing results from a batch of big corporates as investors await key inflation data that could lead the Fed to continue with steep rate hikes.
U.S. stocks closed mostly lower on Friday in a volatile trading session as a stronger-than-expected jobs report reignited fears that the Fed would continue to aggressively increase interest rates in a bid to control rising inflation.