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Latest Market News

Stay informed with the latest developments in the financial markets.

Inflation runs hotter than expected as higher prices extend beyond the gas station

U.S. inflation rose more than expected in October, with consumer prices up 0.4% from September and core prices up 0.3%. This suggests inflation remains above the Federal Reserve’s 2% target, potentially leading to further interest rate hikes.

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AI stocks bounce back — with one notable exception

AI stocks rebounded sharply, with the Nasdaq 100 surging 3.4%, marking its biggest daily gain since late March. However, Nvidia, a leading AI company, struggled amid ongoing concerns following revelations about CEO Jensen Huang.

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US stocks fall after a discouraging update on inflation

U.S. stocks declined following a report showing higher-than-expected inflation, raising concerns that the Federal Reserve may continue raising interest rates. The S&P 500 fell 0.9%, the Dow dropped 0.6%, and the Nasdaq lost 1.4%. Treasury yields climbed, increasing borrowing costs.

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