Stocks are falling for the third-straight day this week after the highly awaited consumer price index report showed a staggering rise in prices last month, but while inflation still poses a big risk to the market, some experts believe prices should normalize now that the effects of stimulus checks have largely subsided.By 10:35 a.m. EDT, the Dow Jones Industrial Average had slipped 279 points, or 0.8%, to 33,990, while the S&P 500 dipped 0.
After staying roughly flat Tuesday, big-tech stocks are taking the brunt of the hit Wednesday, with Dow components Apple, Microsoft and Intel each falling nearly 2% on fears that the Federal Reserve may raise interest rates—which experts agree would hurt tech stocks the most.
hello captain obvious about time they payed attention.
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