About: http://data.cimple.eu/news-article/9867c3c53a80218acf7659049a0de618693ce1e7be4c3e13ecb65d4a

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About: http://data.cimple.eu/news-article/9867c3c53a80218acf7659049a0de618693ce1e7be4c3e13ecb65d4a Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	US stocks started the week in the red, pulling back early Monday as continued inflation fears overwhelmed good news about the economic recovery. But analysts said the concerns, including Boeing's latest setback, were a good excuse for investors to take profits out of high-flying stocks. On the plus side, the US Congress is moving towards approving a huge $1.9 trillion economic stimulus package. But Treasury markets reflect fears that borrowing rates may rise sooner than expected, despite repeated assurances from the Federal Reserve. "The skittishness toward a rising interest rate environment seems to be countering the bullish backdrop of extremely accommodative global monetary and fiscal policies," Schwab analysts said. About 30 minutes into the trading session, the Dow Jones Industrial Average had dropped 0.3 percent to 31,387.96. The broad-based S&P 500 fell about 0.5 percent to 3,888.34, while the tech-rich Nasdaq Composite Index was the big loser dropping 1.0 percent to 13,734.06. Markets will be watching Fed Chair Jerome Powell's two days of testimony in Congress on Tuesday and Wednesday, where he is likely to repeat his oft-stated message that the central bank has no plans to raise the benchmark interest rate until employment has recovered and inflation begins to rise. Boeing dropped 1.1 percent after an engine failure in one of its 777 aircraft forced an emergency landing of a flight out of Denver, and prompted grounding of 128 planes with the same Pratt & Whitney engine. hs/st
schema:headline	Wall Street retreats amid inflations fears
schema:mentions	S&P 500 Index Interest rate Dow Jones Industrial Average Denver Federal Reserve Inflation United States Congress Good Excuse Pratt & Whitney Jerome Powell NASDAQ Composite »more»
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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