Finance Inquirer
No Result
View All Result
Wednesday, July 9, 2025
  • Login
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
Subscribe
Finance Inquirer
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
No Result
View All Result
Finance Inquirer
No Result
View All Result
Home Stock Market

Dow Jones Falls Over 500 Points As Consumer Price Index See Highest Increase Since 1981

Tom Hagler by Tom Hagler
11.06.2022
in Stock Market
Dow Jones Falls Over 500 Points As Consumer Price Index See Highest Increase Since 1981
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The Nasdaq composite led the downside again in Friday’s market while the Dow Jones and S&P 500 opened well over 1% lower. Stocks continued lower on this morning’s inflation report, compounding weekly losses in the major indexes.

X

Dow Jones Today

The Dow Jones Industrial Average opened over 550 points lower, trading down 1.7%. The S&P 500 fell 1.8% while the small-cap Russell 2000 was down 2.1%. The tech-heavy Nasdaq composite fell 1.9%. Volume was slightly higher on the Nasdaq and on the NYSE vs. the same time on Thursday.

Stocks sold off again early Friday, and indexes are on track to close lower this week. The Dow Jones and other major U.S. indexes all moved below their 21-day exponential moving averages on Thursday, a bearish sign.

U.S. Stock Market Today Overview

Index Symbol Price Gain/Loss % Change
Dow Jones (0DJIA) 31463.33 -809.46 -2.51
S&P 500 (0S&P5) 3906.41 -111.41 -2.77
Nasdaq (0NDQC ) 11373.30 -380.93 -3.24
Russell 2000 (IWM) 178.78 -4.79 -2.61
IBD 50 (FFTY) 31.50 -0.58 -1.81
Last Update: 10:28 a.m. ET 6/10/2022

Consumer Price Index Sees Highest Increase Since 1981

Concerning economic news played a role in Friday’s sell-off. The Bureau of Labor Statistics’ consumer price index jumped 1% in May, the second largest leap since 2008, exceeded only by the CPI increase for the month of March. Economists expected the yearly rate to hold steady. A year-over-year increase of 8.6% for May was higher than April’s 8.3% rise. It was also the highest since December 1981.

“Basically everything is soaring in cost. Core prices popped 0.6% for a second straight month,” said Sal Guatieri, senior economist at BMO Capital Markets. “Most depressing, after dipping in the past three months, used vehicle prices jumped 1.8% in May (from the prior month). And rents are screaming higher due to frothy house prices.” Guatieri warned it’s unlikely people will see relief in energy, rents or food prices for some time.

The news only compounded yesterday’s data from Mortgage buyer Freddie Mac. The mortgage lender reported Thursday that the 30-year rate jumped to 5.23% this week from 5.09% last week, well above a rate of around 3% a year ago. Last month, the average rate exceeded 5% for the first time in over a decade.

Looking ahead, investors are gearing up for next week’s Federal Reserve meeting, when it’s expected the Fed will raise its main borrowing rate by 50 basis points.

Outside Dow Jones: IBD 50 Stocks To Watch

IBD 50 leader Li Auto (LI) bucked the trend and rose over 2% in early trading. The stock was among only a handful of names trading higher. On the downside, Builders FirstSource (BLDR) fell over 6% in heavy volume and is now below support at the 50-day line.

Fellow construction products manufacturer Atkore (ATKR) also traded lower. Shares lost 3.5% and triggered the 7%-8% sell rule from a 112.34 double-bottom buy point. The initial breakout was messy and has failed twice now. The stock was removed from IBD’s Leaderboard.

Agricultural firm Darling Ingredients (DAR) also triggered the 7% sell signal Friday after tumbling over 4%. Shares gapped lower after breaking out above an 85.02 buy point of a cup-with-handle base this week. Still, shares are holding up, getting support at the 50-day line.

Oil prices fell slightly but remained above $120 per barrel. Oil and gas exploration firm HighPeak Energy (HPK) was also one of the few names in the IBD 50 to hold gains. Shares were up 2% while the stock’s RS line hit a new high. HighPeak is currently 6% below a 38.31 entry.

Follow Rachel Fox on Twitter at @IBD_RFox for more Dow Jones and stock market commentary.

YOU MIGHT ALSO LIKE:

IBD’s Market Outlook: A Guide To The Different Designations

Get Free Dow Jones IBD Newsletters: Market Prep | Tech Report | How To Invest

What Is CAN SLIM? If You Want To Find Winning Stocks, Better Know It

See IBD Stock Lists & Get Pass/Fail Ratings For All Your Stocks With IBD Digital

The post Dow Jones Falls Over 500 Points As Consumer Price Index See Highest Increase Since 1981 appeared first on Investor’s Business Daily.

  • Trending
  • Comments
  • Latest
P2Pro: profitable changes are coming!

P2Pro: profitable changes are coming!

13.09.2022
Saving and investing the two keys to your future retirement

Saving and investing the two keys to your future retirement

21.06.2022
The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

01.09.2022
The ranking of countries in terms of the coverage of children with preschool education has been compiled

The ranking of countries in terms of the coverage of children with preschool education has been compiled

03.11.2022
Take the best photos of your life with the new vivo Y76 5G now available

Take the best photos of your life with the new vivo Y76 5G now available

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

AirPods 3 vs AirPods 2 – What’s the Difference?

AirPods 3 vs AirPods 2 – What’s the Difference?

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

PuzzleFree Game Set to Launch in July 2025

PuzzleFree Game Set to Launch in July 2025

08.07.2025
The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

08.07.2025
Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

08.07.2025
HIT-NOT reduces forklift accidents and increases safety in logistics

HIT-NOT reduces forklift accidents and increases safety in logistics

07.07.2025

Recent News

PuzzleFree Game Set to Launch in July 2025

PuzzleFree Game Set to Launch in July 2025

08.07.2025
The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

08.07.2025

Categories

  • Business
  • Finance
  • News
  • Stock Market
  • Technology
  • Без рубрики

Site Navigation

  • Home
  • Contact Us
Finance Inquirer

We offer multimedia features, easy channel navigation, strong social media presence and numerous engagement platforms that allow the readers to experience content anytime, anywhere, always.

No Result
View All Result
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market

© 2021 financeinquirer.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In