Posted 3/14/2024, 3:15:00 PM
Stocks Slide, Oil Rallies As Inflation Data Stokes Economic Concerns
- S&P 500 slides after hotter-than-expected inflation data, falling 0.2% while Dow drops 0.2%
- February's Producer Price Index rose more than expected at 0.6%, fueling concerns inflation remains sticky
- Retail sales rebound in February, rising 0.6% after an unexpected decline in January
- Oil prices continue to rally, with WTI crude topping $81 per barrel on falling inventories and drone attacks
- Fisker shares plunge over 40% on report the EV maker is exploring bankruptcy