As investors digested inflation data and news of geopolitical turmoil, stocks ended up down after swaying back and forth Wednesday.
Here’s the scoreboard:
Dow Jones Industrial Average: 24,189.73 -218.27 (-0.89%)
S&P 500: 2,645.65 -11.22 (-0.42%)
AUD/USD: 0.7756 -0.0007 (-0.09%)
ASX 200 SPI futures:5,791.0 -47.0 (-0.81%)
- Federal Reserve officials could speed up fiscal tightening, according to minutes from their policy meeting released Wednesday. They expressed confidence that inflation will hit their 2% target and concern over a potential trade war with China.
- Oil prices soared after President Donald Trump vowed to strike Syria with missiles in an early morning tweet. West Texas Intermediate Oil hit a three-year high, up 1.74% to $66.68 per barrel.
- The Russian ruble continued to sink after President Donald Trump taunted Moscow on Twitter. The currency is on track for its worst week since 1999.
- Tesla plans to start production for its Model Y sports utility vehicle in November of next year. The company is accepting preliminary bids for supplier contracts, Reuters reports.
- Shares of Facebook are up nearly 2%, after another day of Mark Zuckerberg testifying before US lawmakers on Capitol Hill.
Here is Thursday’s economic calendar:
- Bank of England Governor Mark Carney will give a speech.
- The European Central Bank will release minutes from its last meeting.
- US weekly jobless claims are out.