CPI Hits 4.2% as US Strikes Iran and Markets Plummeted

On today's episode of Market Brief – After Hours, US forces launched airstrikes on Iran after markets closed — capping a session in which the Dow had already shed 953 points, the S&P 500 dropped 1.6%, and headline CPI came in at 4.2% for the first time in three years. We dig into what the core inflation read means for the Fed, why the semiconductor sector is bleeding for the fourth time in five sessions, and what a widening Middle East conflict could mean for oil and overnight futures. We also break down the FX picture across EUR/USD, GBP/USD, AUD/USD and USD/JPY, a historic single-day collapse in Gold, and the corporate stories you need to know — from a 27% crater in Super Micro Computer to 20%-plus earnings surges from Cracker Barrel and Casey's. Hosted on Acast. See acast.com/privacy for more information.