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Surging gasoline and energy prices, as well as the cost of groceries, have pushed the forecast for the cost-of-living adjustment higher.
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S&P 500 retreats from record after high inflation reading, drop in tech stocks: Live updates CNBCWall St falls as hot CPI, Iran tensions weigh on sentiment Yahoo FinanceStock Market Today: Dow, Nasdaq Sink on Soaring Inflation — Live Updates WSJTech Rally Falters as Oil Rises on Iran Stalemate: Markets Wrap Bloomberg.com
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President Trump has declared the cease-fire on "life support," and investors are taking a cautious approach as the economic effects of the war become more apparent.
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Asia Stocks to Gain, Oil Rises on US-Iran Deadlock: Markets Wrap Bloomberg.comAI rally fizzles as Middle East ceasefire goes on 'life support' ReutersCNBC Daily Open: Iran ceasefire on life support, but market volatility is alive and kicking CNBCAsian shares trade mixed after Wall Street rally despite Iran war worries AP News
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