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.
Stocks · News reference
Howard Marks says selling U.S. stocks won't solve U.S. fiscal problems. These ETFs offer gold, international and real estate exposure.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
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.
Gold hits $4,075 as inflation rises, but experts predict new records within 18 months driven by central banks and family offices.
The Nasdaq 100 fell 1% by midday Wednesday after September CPI topped forecasts, pushing Treasury yields and rate-hike bets higher.
Hot September CPI flipped Fed October hike odds to 54%. Economists Robin Brooks, LPL and Oxford Economics warn of debasement risk if the Fed waits.
Gold is down 20% from its Iran-war peak, but fading Fed rate-hike bets and lower yields could revive bullion. Here’s how GLD, IAU, GLDM and GDX compare.
Central banks defy rising yields with structural gold buying. Discover why gold holds over $4,000 despite high Treasury yields.