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Global bonds battered as flaring inflation spooks investors Yahoo FinanceThe 30-year Treasury yield just broke to its highest level in almost 20 years Yahoo FinanceGlobal Bond Markets Plummet Over War Shock Bloomberg.com30-year Treasury yield tops 5.1%, highest in nearly a year CNBC
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Dow loses more than 500 points Friday as tech slumps and yields spike: Live updates CNBCStock Market Today: Dow Falls 400 Points Lower on Oil Price Fears — Live Updates WSJThe Global Bond Rout Catches Up With Wall Street's Risk Rally Bloomberg.comStock market today: Dow, S&P 500, Nasdaq sink as yields jump amid inflation jitters Yahoo Finance
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The deal, which Beijing has not commented on, would be a major win for Boeing, which has lost ground to Airbus in one of the world's largest aviation markets.
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Artificial intelligence will displace some jobs and replace others. Here's how to make sure you're on the right side of change.
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Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
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"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
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As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
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