The Latest Breaking News from CPI

The CPI(M) leader also accuses the saffron party of trying to drive a wedge between people of various faiths

Reverse tendering process did not yield the desired results, alleges Ramakrishna

Last week, I talked about the likelihood of the S&P 500 (SPY) remaining range-bound due to the mix of bullish and bearish forces. One of the bullish forces was the resilience in earnings which have remained positive (+6% in Q2) despite adverse conditions. Another was the signs showing that inflation…

Party conference will be held in Vijayawada from Oct. 14 to 18: leader K. Ramakrishna

HYDERABAD

The CPI report that came out on Tuesday had quite the impact on the market intraday but historically these news items have little to no impact on changing the market’s long-term direction. 

‘Rahul is on a yatra, but our rally is not allowed’

The Labor Department on Tuesday reported an 8.3% year-over-year increase in the consumer price index for August, which sent the SPDR S&P 500 (NYSE: SPY) and the Invesco QQQ Trust (NASDAQ: QQQ) spiraling lower. 

Microsoft Corporation (NASDAQ: MSFT) was sliding almost 4% lower on Tuesday in sympathy with the general markets, which saw the S&P 500 gap down and plunge about 3% lower.