US stocks sell off ahead of inflation data- RTHK
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Summary:
2021-06-10 HKT 04:50 Share this story
All three major US stock indexes reversed earlier gains. Image: Shutterstock Wall Street ended a see-saw session lower on Wednesday as market participants awaited inflation data for clues as to when the US Federal Reserve might tighten its dovish monetary policy. The retail "meme stock" craze continued unabated. All three major US stock indexes reversed earlier gains, but remained range-bound in the absence of any clear market catalysts. "There's a lull period in terms of news," said Chuck Carlson, chief executive at Horizon Investment Services in Hammond, Indiana. "We're through earnings period and people are waiting for inflation numbers tomorrow, so you have a mixed market where the major averages aren't doing much of any ...
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