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Wall Street indices weakened yesterday

CAPEX.com

The previous day Wal-Mart fell 11% due to a similar issue, and yesterday it lost another 6.6%. Expert companies were not able to manage supply chains and distribution to avoid large losses derived from bottlenecks in logistics and the increase in the price of products, so fear spread in the markets. The market was already sensitive to the potential negative effects of inflation and supply problems on the economy. However, in previous days it kept some hope that the situation could be temporary, given some indications that the peak of price increases had been reached. The Federal Reserve regained control, especially after Jerome Powell's statements the day before. The Fed chairman was determined to tackle inflation while ruling out the possibility of aggressive increases above 50 bps. All this depends on the inflation and growth figures published in the coming months.

Source: https://capex.com/en/overview/wall-street-indices-weakened-yesterday
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