fbpx

Bridging Gap

Bridging Gap

Integrated Marketing Communication Agency.

We craft beautifully useful marketing and digital products that grow businesses.

T (917) 720 3126
Email: gaurav.sodhi@bridginggap.in

Bridging gap (B.Gap Pvt. Ltd.)
244 Fifth Avenue, Manhattan New York, NY, US 10001

Get in touch: +91-983-383-0474
  • MY CART
    No products in cart.
  • About us
  • Voice Your Business
    • India
    • USA
  • Services
    • Web & Mobile Development
    • SEO Services
    • Graphic Design
    • Marketing
      • Experiential Marketing (Events)
      • Email Marketing
      • Social Media Marketing
      • Hotel Marketing
    • Social Media
    • Brand Building
  • Portfolio
    • Strategic Creations
  • Beyond the Bridge
  • Contact us
Enquiry
0
Thursday, 16 December 2021 / Published in News

Wall Street closes lower following latest inflation report – Champaign/Urbana News-Gazette

One of Editor & Publisher’s ‘10 That Do It Right 2021’
Windy. Periods of rain this morning will give way to mainly sunny skies for the afternoon. Morning high of 57F with temps falling to near 40. Winds W at 20 to 30 mph. Chance of rain 100%. Higher wind gusts possible..
Generally clear. Low around 25F. Winds NW at 5 to 10 mph.
Updated: December 16, 2021 @ 5:41 am

BANGKOK (AP) — Stocks were mixed in Asia on Wednesday after new U.S. data showed inflation is still running high, putting a spotlight on what action the Federal Reserve will take as it holds its last meeting of the year.
Tokyo’s Nikkei 225 index was nearly unchanged at 28,429.93 and the Kospi in Seoul shed 0.3% to 2,978.10. In Sydney, the S&P/ASX 200 gave up 0.5% to 7,343.20.
Hong Kong’s Hang Seng index rose 0.2%, while the Shanghai Composite index edged 0.1% higher.
The yield on the 10-year Treasury was steady at 1.44%.
China reported its retail sales slowed in November, rising 3.9% from a year earlier compared with a 4.9% increase in October. Industrial production picked up slightly, growing 3.8% from a year earlier compared with October’s 3.5%.
“COVID-19 remained the key reason holding back a full recovery. Efforts to contain the virus flare-up beginning in mid-October lasted through most of November as infections reached 21 provinces, making consumers more cautious,” Mark Williams and Sheana Yue of Capital Economics said in a commentary.
A second omicron case was reported confirmed in China on Wednesday, underscoring the persisting threat from infections as new coronavirus variants emerge.
On Tuesday, the S&P 500 index fell 0.7% to 4,634.09. It set an all-time high on Friday, when it closed out its biggest weekly gain since February. The index is up 23.4% so far this year.
The Dow dropped 0.3% to 35,544.18. The Nasdaq fell 1.1% to 15,237.64. The Russell 2000 gave up 1% to 2,159.65.
The selling came after the Labor Department reported that prices at the wholesale level surged by a record 9.6% in November from a year earlier. The department’s producer price index measures inflation before it reaches consumers.
Businesses have been dealing with supply chain problems and higher costs for months and are passing those costs to consumers, who have so far been absorbing higher prices on everything from groceries to clothing and other consumer products. On Friday, the Labor Department reported that consumer prices surged 6.8% for the 12 months ending in November, the biggest increase in 39 years.
The discouraging reports on inflation preceded the Federal Reserve meeting which started Tuesday.
The Fed is expected to speed up the process for trimming bond purchases, which have helped keep interest rates low and support the stock market and broader economy. Beyond that, investors are watching the central bank for any statements on how soon it might raise interest rates in 2022.
Technology stocks led the market’s pullback Tuesday. Microsoft fell 3.3% and Adobe slid 6.6% for the biggest decline in the S&P 500.
Wall Street is also closely monitoring any news on the newest coronavirus variant that is spreading rapidly in Britain and some other regions. It appears to cause less severe disease than previous versions of the coronavirus, according to an analysis of data from South Africa. Pfizer’s vaccine seems to offer less defense against infection from it but still offers good protection from hospitalization.
Energy sector stocks fell following a 0.8% drop in the price of U.S. crude oil. On Wednesday, U.S. crude gave up 82 cents to $69.91 per barrel. Brent crude, the basis for international pricing, lost 75 cents to $72.95 per barrel.
The U.S. dollar rose to 113.75 Japanese yen from 113.73 yen. The euro strengthened to $1.1263 from $1.1259.
AP Business Writers Alex Veiga and Damian J. Troise contributed.
Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

source

  • Tweet

What you can read next

News updates from December 9: US Senate paves way for raising debt ceiling, Austria to impose up to €3600 fines under mandatory Covid vaccination rules, US places visa restrictions on Africa's richest woman – Financial Times
Morgan Stanley, Robinhood Further Blur Traditional Brokerage and Self-Directed in Latest Branding Tweaks – AdvisorHub
How to land a job you have no experience in – Fast Company

Recent Posts

  • SEO service in Bandra

    Beyond Keywords: How Search Intent is Shaping SEO Strategies in 2025

    In the dynamic realm of digital marketing, unde...
  • Best Hotel Marketing Agency

    OTA vs Direct bookings- How Hotels can achieve Maximum Revenue ?

    Best Hotel Marketing Agency...
  • Google Vs SEO

    Google Ads vs. SEO – Which Is Better? Get Expert Strategy from Bridging Gap, Mumbai

    In the fast-paced world of digital marketing, b...
  • best digital marketing agency in Delhi

    Branding Beyond the Logo: The Emotional Triggers That Make Customers Buy

    Introduction to Branding Branding is much more ...
  • Bridging Gap: 40% Revenue Increase for a Resort Through Smart OTA Strategies

    The hospitality industry is fiercely competitiv...

Archives

  • February 2025
  • January 2025
  • December 2024
  • May 2024
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • June 2017

Categories

  • Branding
  • Marketing
  • News
  • SEO
  • Social Media
  • Uncategorized
  • Web Design

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
Company
  • About us
  • Voice Your Business
  • Services
  • Portfolio
  • Beyond the Bridge
  • Contact us
Social
  • Instagram
  • Facebook
  • Twitter
Support
  • FAQ
  • Terms
  • Privacy

Bridging Gap

Call USA :+1-347-587-8585

Call IND: +91-983-383-0474

info@bridginggap.in

© 2025 All rights Reserved @Bridging Gap.

TOP