CatalystMacro
TECH SELL - OFF ROLLS ON AS HOT INFLATION DATA STOKES RATE WORRIES
Hot inflation data fuels rate worries, extending tech sell-off.
Context
What happened: Asian stocks plunged and the tech sell-off continued on Wall Street on Thursday after forecast-topping US inflation data.
Why it matters: Investors worried the inflation data would force the Federal Reserve to raise interest rates again, and a market observer said the tech sell-off was still in progress.
Coverage: 4 outlets in 24h
What changed
Asian stocks plunged and the tech sell-off continued on Wall Street on Thursday after forecast-topping US inflation data.
Why it matters
Investors worried the inflation data would force the Federal Reserve to raise interest rates again, and a market observer said the tech sell-off was still in progress.