Nasdaq 100 Drops 1% on Hot CPI, SOXX Falls 7th Day: Stock Market Today
The Nasdaq 100 fell 1% by midday Wednesday after September CPI topped forecasts, pushing Treasury yields and rate-hike bets higher.
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What's Going On With Amgen Stock Tuesday?
AMGN stock dips 9% after rival drug trial misses goal. Discover Amgen key support levels, technical outlook, and analyst price targets
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Guggenheim Maintains Neutral on Amgen, Lowers Price Target to $378
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BMO Capital analyst Evan David Seigerman maintains Amgen (NASDAQ:AMGN) with a Market Perform and lowers the price target from $450 to $415.
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Dow Jones Climbs to 52,000 While Chips Bleed on Rate-Hike Fears: Stock Market Today
Hot inflation data fuels Fed rate-hike bets, hammering chip and AI-hardware stocks while the Dow tops 52,000 and small caps hold gains; gold rebounds.
Wednesday's Inflation Report Will Lock In Social Security's 2027 Cost-of-Living Adjustment (COLA). Here's the Number to Watch.
The October 14 CPI report will determine Social Security's 2027 COLA, which is projected to be around 3.5% based on July and August CPI-W data. This would increase the average retired worker's monthly benefit from $2,088 to approximately $2,161, an increase of $73 per month. However, critics argue CPI-W doesn't fully capture retirees' actual inflation costs, particularly healthcare.