Dollar index rises: Interest rate worries continue to weigh on Wall Street

The uncertainty following the latest inflation data weighs on the US stock market.

Dollar index rises: Interest rate worries continue to weigh on Wall Street

The uncertainty following the latest inflation data weighs on the US stock market. The stagflation discussion is likely to continue. Despite the prospect of rising interest rates, yields are falling again. The dollar, on the other hand, is climbing to the highest levels since 2002.

After another changeable course, Wall Street closed unevenly. The stock market is still debating whether price increases have peaked after the latest inflation data in the USA. The uncertainty about this tended to weigh on the US stock market. The Dow Jones index lost 0.3 percent to 31,730 points, the S

After the consumer prices, which have recently fallen slightly but are still higher than forecast, inflation based on producer prices weakened within the forecast range - in the core rate even a little more clearly than expected. At the same time, the weekly labor market data were slightly weaker than forecast. The stagflation discussion is likely to continue.

Yields fell again despite the prospect of rising interest rates. Concerns about an economic downturn drove investors to the supposedly safe bond haven. The yield on ten-year US government bonds is falling below the important three percent mark.

The dollar rose to its highest levels since 2002, with the dollar index gaining 0.9 percent. In view of falling market interest rates, as with US bonds, investors are relying on the supposed security in uncertain times. Oil prices turned positive over the course of the year. The pressure from Western countries on Russia is reducing the supply there, it said. The country's emissions fell by 9 percent in April. Meanwhile, the firm dollar slowed the price of gold.

Beyond Meat (-4.2 percent) were down. The manufacturer of plant-based meat substitutes slipped deeper than expected into the red in the first quarter. The company blamed high costs for introducing new products. Disney fell 1 percent. The entertainment group's adjusted earnings per share for the second fiscal quarter fell short of analysts' expectations.

E-car manufacturer Rivian significantly increased its loss in the first quarter and turned over less than expected. Shares were still up 18 percent as production targets for the year were confirmed. In addition, the share has already lost 80 percent this year. Sonos improved by 14 percent. The speaker manufacturer turned over more than expected in the second fiscal quarter and surprisingly increased its adjusted earnings per share significantly. Fossil was down 5 percent after the watch and accessories maker lowered its sales guidance.


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