Wall St slides as economic data stokes inflation worries, Apple drags
-Wall Street stocks fell on Wednesday after stronger-than-expected services sector data fueled concerns of sticky inflation and interest rates staying higher for longer, while weakness in Apple Inc shares further weighed down the indexes.
Traders' bets that the Federal Reserve would pause hiking interest rates at its Sept. 19-20 meeting were 91%, while bets on a pause in November slipped to 46.8% from nearly 57% before the data, the CME FedWatch Tool showed.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's exports, imports likely contracted more slowly in August: Reuters poll By ReutersChina's exports, imports likely contracted more slowly in August: Reuters poll
Read more »
LSEG investors Thomson Reuters, Blackstone to sell $2.9 billion shares in bourse operator By ReutersLSEG investors Thomson Reuters, Blackstone to sell $2.9 billion shares in bourse operator
Read more »
Wall St eyes lower open as yields rise, China data weighs By ReutersWall St eyes lower open as yields rise, China data weighs
Read more »
Apple to announce next iPhones, Apple Watches and update to Airpod ProsThe Apple event is set for Tuesday, Sept. 12.
Read more »
Apple Is Giving Away Subscriptions to Apple TV Plus—Get It Before It's Too LateIf you haven’t seen “Ted Lasso” and “Severance,” here’s how to do so for $0.
Read more »
Colombia government, business leaders call for interest rate cut By ReutersColombia government, business leaders call for interest rate cut
Read more »