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Stocks drop after inflation data

Stocks are lower in early trading after after wholesale inflation rose more than expected in November, led by surge in energy costs.

The increase will likely be discussed as Federal Reserve policymakers begin a two-day meeting on interest rates Tuesday. The Fed is expected to keep rates unchanged.

Stocks have fallen overseas as the dollar rose against the euro amid continuing worries about Greece's debts and the financial health of Austria's banks.

The Dow Jones industrial average is down 34.76, or 0.3 percent, at 10,466.29, the Standard & Poor's 500 index is down 4.79, or 0.4 percent, at 1,109.32, and the Nasdaq composite index is down 8.31, or 0.4 percent, to 2,203.79.
http://news.yahoo.com/s/ap/20091215/ap_on_bi_st_ma_re/us_wall_street;_ylt=AoLGN9K2AvptgEOYjIEHOaSyBhIF;_ylu=X3oDMTJmazAzYjM1BGFzc2V0A2FwLzIwMDkxMjE1L3VzX3dhbGxfc3RyZWV0BGNwb3MDMQRwb3MDMgRzZWMDeW5fdG9wX3N0b3J5BHNsawNzdG9ja3Nkcm9wYWY-

 
Anonymous

Asked by Anonymous at 9:54 AM on Dec. 15, 2009 in Politics & Current Events

This question is closed.
Answers (6)
  • Notice how the dollar is trading stronger?

    The dollar is trading stronger because of problems in europe.
    Carpy

    Answer by Carpy at 10:43 AM on Dec. 15, 2009

  • If you own stocks, is this worrisome?
    Anonymous

    Answer by Anonymous at 10:09 AM on Dec. 15, 2009

  • No. unless you are a daytrader.
    jewjewbee

    Answer by jewjewbee at 10:22 AM on Dec. 15, 2009

  • We need stability in our economy before stocks go up. Notice how the dollar is trading stronger? A big boost in the stock market is a sign of coming inflation, possibly hyperinflation. Unless you are comfortable paying $15 for a loaf of bread, then stocks trading low is actually a good thing.

    Anonymous

    Answer by Anonymous at 10:29 AM on Dec. 15, 2009

  • But everyone was so excited when the stock market went up!
    Anonymous

    Answer by Anonymous at 10:32 AM on Dec. 15, 2009

  • the market has to do with confidence in the buyer. nothing more. lack of confidence the market goes down. confidence goes up the market goes up. it is independent of prices, demand, and inflation.
    and low and high levels are all relative, a false high and a false low is more detrimental than a constant.
    jewjewbee

    Answer by jewjewbee at 10:35 AM on Dec. 15, 2009

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