{"id":638,"date":"2021-07-17T21:11:29","date_gmt":"2021-07-17T21:11:29","guid":{"rendered":"https:\/\/ancstockinvestments.com\/blog\/?p=638"},"modified":"2021-08-11T17:32:05","modified_gmt":"2021-08-11T17:32:05","slug":"us-markets-close-lows-inflation-fears-soar","status":"publish","type":"post","link":"https:\/\/ancstockinvestments.com\/blog\/2021\/07\/17\/us-markets-close-lows-inflation-fears-soar\/","title":{"rendered":"U.S. Markets Close at Lows as Inflation Fears Soar"},"content":{"rendered":"\n

Stocks of U.S. companies fell on Friday, pushing the Dow, S&P 500, and Nasdaq into the red for the week, as inflation fears intensified. <\/p>\n\n\n\n

The Dow Jones Industrials Average lost 299.17 points, or 0.86% to close at 34,687.85. The S&P 500 shed 0.75% to 4,327.16 and the Nasdaq Composite dipped 0.8% to 14,427.24.<\/p>\n\n\n\n

All three indexes posted weekly losses for the first time this month as energy stocks, once the shining lights of 2021\u2019s stock market, fell into correction territory.<\/p>\n\n\n\n

The Dow ended the week down 0.52%, with S&P dipping 0.97% and the Nasdaq Composite falling 1.87% during the same period.<\/p>\n\n\n\n

\"U.S.<\/figure>\n\n\n\n

Inflation fears go through the roof<\/strong><\/h2>\n\n\n\n

A report released Friday shows inflation expectations are rising<\/a>, with consumers believing prices will increase 4.8% in the next year. That\u2019s the highest level since August 2008.<\/p>\n\n\n\n

Shortly after the report emerged, the Dow gave up its gains early Friday, with losses increasing as the day unfolded and other major averages closing at the lows.<\/p>\n\n\n\n

The price dips come in despite the S&P 500 and the Dow briefly touching new all-time highs. The consumer<\/a> price index on Tuesday showed a 5.4% increase in June from a year<\/a> ago, the fastest pace in almost 13 years.<\/p>\n\n\n\n