When the latest government report on inflation hit the wire Tuesday morning, it revealed that while prices weren't increasing as quickly as they had been, the news was still worse than expected, sparking a wide-ranging sell-off on Wall Street. To be clear, there was little in the way of company-specific news driving these technology stocks lower -- and what could be found was decidedly positive. This suggests that investors were hyperfocused on the macroeconomic data and what it means for the future. Read More...
When the latest government report on inflation hit the wire Tuesday morning, it revealed that while prices weren’t increasing as quickly as they had been, the news was still worse than expected, sparking a wide-ranging sell-off on Wall Street. To be clear, there was little in the way of company-specific news driving these technology stocks lower — and what could be found was decidedly positive. This suggests that investors were hyperfocused on the macroeconomic data and what it means for the future.
