August 16, 2022

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Business & Finance Blog

Stock Market Today – 4/11: Stocks End Lower With Inflation, Earnings in Focus

Updated at 4:20 pm EST

Stocks finished lower Monday, while Treasury bond yields and the dollar continued to test multi-year highs, as investors shift focus from the ongoing war in Ukraine to a busy slate of earnings and data releases in a holiday-shortened trading week.

The Dow Jones Industrial Average finished down 413 points, or 1.19%, to 34,308, while the S&P 500, which is down 6% for the year, lost 1.69% and the tech-focused Nasdaq dropped 2.18%.

Inflation remains the key driver in terms of bond market performance Monday, and with crucial readings for both producer prices and consumers prices due this week, each of which are expected to accelerate to multi-decade highs, traders are pricing-in faster and deeper rate hikes from the Federal Reserve, which in turn is boosting day-to-day rates in the market for U.S. Treasuries.