The Dow lost more than 200 points as investors’ worries around First Republic overpowered their excitement around Big Tech earnings. The Dow fell 0.68%. The S&P 500 shed 0.39%. The Nasdaq popped 0.47%.
industrial production for March dipped 4.2%The reading marks the sixth consecutive contraction since October, and comes after November's figure of an 8.9% drop.
"We expect the higher interest rate to gradually press households' spending capacity, and to see slower consumption growth in 2H23," BofA economists Benson Wu and Tim Him Ho wrote. the Bank of Korea said consumer sentiment regarding current living standards was four points higher than in March, at 87, and that concerning the future outlook was three points higher than in the previous month, at 90.Australia's inflation shows signs of easing in first quarterto 7% year-on-year, down from a 23-year high of 7.8% in the quarter ended December 2022.
The trimmed mean CPI - which excludes the most volatile 30% of items in the cost calculation - came in at 6.6%, compared to 6.9% in the previous quarter.Tech earnings may be comforting but beware the near-term headwinds, says BMO's Ma
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