While you were sleeping: Inflation concern, tech worries weigh on Wall St

Thu, 19 Apr 2018

By Margreet Dietz April 20 (BusinessDesk) - US stocks and Treasuries dropped on concern rising commodity prices, as the Trump administration’s protectionist moves raised the spectre of a global trade war, will boost inflation and interest rates. “This is a key risk,” Weeden analyst Michael Purves wrote in a note to investors Thursday, according to Bloomberg. “Higher rates and inflation without higher economic growth raises the discount rate for equity cash flows (lower P/E) but also raises stagflation risks for the economy and the stock...

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