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More losses US stocks
Calendar13 May 2021
Theme: Investing

US Stocks on Wednesday extended their loss, with the S&P and Dow Jones Industrial Average announcing their worst 3 day declines in almost 7 months following a significant rise in consumer prices due to concerns about inflation. The rise in consumer prices was sharper than expected and heightened fears that inflation could determine the FED to put an end to its near zero-rate money policies. Easy money have been a blessing in disguise for the US stock market lately, as stocks broke record after record since the covid-pandemic sent them tumbling in 2020.