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Wall Street Eyes Inflation Data After Nasdaq Posts Fourth Straight Weekly Loss

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Wall Street Eyes Inflation Data After Nasdaq Posts Fourth Straight Weekly Loss

Wall Street is looking to US inflation data for clues on whether stocks can recover from a selloff in technology and artificial intelligence shares, after the Nasdaq Composite recorded its fourth consecutive weekly decline.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TIP iShares TIPS Bond ETF-0.4% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XLP Consumer Staples Select Sector SPDR-1.1% 11d

    Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • QQQ Invesco QQQ-9.8% 30d

    Invesco QQQ: it holds the big tech and AI names. Linked by “artificial intelligence” (AI and big tech) in this story.

  • WMT Walmart+20.2% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COST Costco Wholesale+15.6% 30d

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • PG The Procter & Gamble+12.6% 30d

    The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • KO The Coca-Cola+9.0% 30d

    The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • GOOGL Alphabet-15.6% 30d

    Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TIP+0.09%-0.20%baseafter closeafter closeafter closeafter close
XLP+0.84%+2.08%baseafter closeafter closeafter closeafter close
QQQ+3.80%+5.39%baseafter closeafter closeafter closeafter close
WMT+1.78%+2.99%baseafter closeafter closeafter closeafter close
COST-1.21%-0.66%baseafter closeafter closeafter closeafter close
PG-1.07%+1.20%baseafter closeafter closeafter closeafter close
KO+0.20%+0.21%baseafter closeafter closeafter closeafter close
GOOGL-1.99%+1.50%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Wall Street Eyes Inflation Data After Nasdaq Posts Fourth Straight Weekly Loss Forbes Middle East

Source: Forbes Middle East

This story

CompanyWhenMoveStatus
COSTthree days earlier-0.66%final price
COSTfive days earlier-1.21%final price
GOOGLthree days earlier+1.50%final price
GOOGLfive days earlier-1.99%final price
KOthree days earlier+0.21%final price
KOfive days earlier+0.20%final price
PGthree days earlier+1.20%final price
PGfive days earlier-1.07%final price
QQQthree days earlier+5.39%final price
QQQfive days earlier+3.80%final price
TIPthree days earlier-0.20%final price
TIPfive days earlier+0.09%final price
WMTthree days earlier+2.99%final price
WMTfive days earlier+1.78%final price
XLPthree days earlier+2.08%final price
XLPfive days earlier+0.84%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Wall Street Eyes Inflation Data After Nasdaq Posts Fourth Straight Weekly Loss” scores 12 out of 100. The score uses 1 sources.