Wall Street slides at close as worries mount ahead of CPI report

Published by

By Stephen Culp NEW YORK (Reuters) – Wall Street ended in negative territory on Tuesday as growing signs of recession kept buyers out of the equities market ahead of inflation data. While all three major U.S. stock indexes seesawed between modest gains and losses earlier in the session, they turned sharply lower late in the day as Wednesday’s Consumer Prices report from the Labor Department drew near, with big bank earnings looming later in the week. “(Investors are) waiting to hear what happens with CPI and earnings,” said Brent Schutte, chief investment officer at Northwestern Mutual Wealth …

Read More

Share this Story
Load More Related Articles
Load More In Wall Street