END OF “WHAT A WEEK”
By Staff Reporters
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- Markets: The stock market rally ran out of steam yesterday, and both the S&P and NASDAQ broke their 3-day winning streaks. CVS stock got a boost after the company detailed its plans to play a larger role in the nation’s health care system.
- Economy: The Consumer Price Index (CPI)—the most anticipated economic data dump on the calendar these days—will be released this morning. Analysts predict inflation climbed 6.8% annually in November, which would be the highest since the early 1980s.
- Citation: https://www.r2library.com/Resource/Title/0826102549
- ELDERLY CPI: https://medicalexecutivepost.com/2019/06/13/what-is-the-elderly-cpi/
- CHAINED CPI: https://medicalexecutivepost.com/2012/12/21/what-chained-cpi-could-mean-for-social-security/
Wall Street closed lower on Thursday as investors banked some profits after three straight days of gains and turned their focus toward upcoming inflation data and how it might influence the Federal Reserve’s meeting next week.
So, what about today-prognostications?
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Filed under: Breaking News, Glossary Terms, Health Economics, Investing | Tagged: bear market, Bull and Bear Markets, bull markets, CPI, CVs, NASDAQ, S&P, stock market | Leave a comment »