After the release of CPI data, Wall Street suffers its largest weekly loss
US stocks posted their biggest weekly percentage declines since January. Tech and growth stocks, whose valuations rely more heavily on future cash flows, led the decline. The steeper-than-expected rise in U.S. consumer prices fueled fears of more aggressive interest rate hikes. U.S. stocks posted their greatest week-after-week rate declines since January and finished forcefully lower … Read more