AllMarket Update
logoArgusMay 12, 2021

Market Update: AVB, CLS, EPD, MAR, MDC, LEA, LTHM, TDOC

Sector(s)
Energy, Basic Materials, Technology, Real Estate, Healthcare, Consumer Cyclical
Summary

Stocks fell again on Wednesday morning amid continued inflation fears, as the 10-year Treasury yield rose to 1.68% and U.S. consumer prices rose at their highest rate in nearly 12 years. The Labor Department reported that its consumer price index rose 0.8% in April, up from 0.6% in March and well above the Reuters consensus forecast of 0.2% growth. The CPI also rose 4.2% from the prior year, up from a 2.6% increase in March. The Dow fell 0.9%, the S&P 1.2%, and the Nasdaq 2.0%. Crude oil traded near $66 per barrel, while gold fell $4 to $1832 per ounce.

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