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Stock Market Today: Dow, S&P Live Updates for Nov. 17, 2021 – Bloomberg

Summary

Stocks fell on concern that inflation could pose a challenge to the global economic rebound, forcing central banks to raise interest rates sooner than expected. Treasuries rose.

Traders took some risk off the table as data showed new U.S. home construction slowed down — suggesting builders are struggling to break ground on projects amid high materials prices and ongoing labor shortages. Target Corp. sank after warning that cost pressures are creeping up, stoking fears that inflation wi…….

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Stocks fell on concern that inflation could pose a challenge to the global economic rebound, forcing central banks to raise interest rates sooner than expected. Treasuries rose.

Traders took some risk off the table as data showed new U.S. home construction slowed down — suggesting builders are struggling to break ground on projects amid high materials prices and ongoing labor shortages. Target Corp. sank after warning that cost pressures are creeping up, stoking fears that inflation will dent profits at retailers. The technology-heavy Nasdaq 100 outperformed, led by a rally in giants Apple Inc. and Tesla Inc.

Source: https://www.bloomberg.com/news/articles/2021-11-16/asia-stocks-set-for-steady-open-yields-dollar-up-markets-wrap