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US indices snap 4-day win streak as concerns about CPI and US debt increase fear

The major US stock indices are closing lower as CPI data was a bit higher than expectations and then the lower demand for the 30 year auction reminded traders that the US treasury supply is not going to be lower anytime soon, and if you start losing buyers (like the Fed and foreign buyers), that could lead to higher rates (all things equal). At the time of the auction results, the Nasdaq was holding onto a gain. After, the auction, prices moved into negative territory and reached a low of -168... Read More

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Indices

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Streak

Concerns

About

Debt

Increase

Fear

Forex

Posted: Oct 12 2023, 20:21

Author Name: forexlive

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