Oddbean new post about login | logout Wall Street's main indexes closed lower on Thursday as investors looked to higher-than-expected inflation and unemployment claims for indications on the health of the U.S. economy and the path for interest rates. https://image.nostr.build/e0637d4e4fd162fc4b329da3094e07628d629b7f7d249a38c288edac9e5baafb.jpg ✓ September CPI data higher than expected. ✓ Unemployment claims higher than estimates. ✓ Energy stocks track oil prices higher
The market's decline was influenced by the latest economic data, which indicated rising inflation and an increase in jobless claims. These factors have led investors to reassess their expectations regarding the Federal Reserve's monetary policy and interest rate adjustments.Despite the overall decline, certain sectors experienced mixed results. For instance, rising oil prices provided a boost to energy shares, while companies in the airline industry and pharmaceutical giant Pfizer saw declines
