![]() ![]() The euro cost 96.84 cents, down from 97.04 cents. dollar slipped to 145.73 Japanese yen from 145.75 yen. Brent crude, the international standard, lost 27 cents to $95.92 a barrel. crude fell 38 cents to $90.75 a barrel in electronic trading on the New York Mercantile Exchange. This week brings the latest round of corporate earnings reports, which could provide a clearer picture of how high prices are impacting revenue and profits and what’s expected for the rest of the year and even into 2023. “It should tell them they’re much closer to both beating inflation and killing the economy than they think they are.” “I’m just hoping the Fed is watching these indicators,” he said. That could send a signal to the Fed, Kelly said. 10 Feet 1/2' ID Stainless Wire Loom with Teflon (1 Roll) 10 Feet 1/2' ID Stainless Wire Loom with Teflon (1 Roll) Web Special Price: USD 95.95. The latest sales update could confirm that consumers are increasingly stretched financially, or at least pulling back on spending. The goal is to slow economic growth and cool both borrowing and spending to get inflation under control, but the plan risks sending the economy into a recession. Wall Street has been roiled by worries over stubbornly hot inflation and the Federal Reserve’s plan to tame high prices by raising interest rates. ![]() The Dow Jones Industrial Average lost 0.3% to 29,202.88 and the Nasdaq composite fell 1% to 10,542.10. The benchmark S&P 500 fell 0.7%, closing at 3,612.39 and extending its losing streak to a fourth day. Applied Materials shed 4.1% while Lam Research Corp. Chip equipment maker Naura Technology sank 10% and Hwatsing Technology dropped 9.6%. In China, technology shares were hit by renewed selling after steep losses on Monday. ![]() The restrictions aim to limit China’s ability to get advanced computing chips, develop and maintain supercomputers, and make advanced semiconductors. Iranian rock climber who competed without hijab returns homeīut technology stocks have taken a hit from the announcement of tighter export controls on semiconductors and chip manufacturing equipment. ![]()
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