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Stock impact report

Stock market today: Wall Street falls after hot inflation report [Yahoo! Finance]

Boston Properties, Inc. (BXP) 
Last boston properties, inc. earnings: 4/28 04:49 pm Check Earnings Report
US:NYSE Investor Relations: ir.bostonproperties.com
Company Research Source: Yahoo! Finance
The S&P 500 was 1% lower in a wipeout where roughly nine out of 10 stocks in the index fell. The Dow Jones Industrial Average was down 467 points, or 1.2%, as of 2:04 p.m. Eastern time, and the Nasdaq composite was 0.9% lower. Treasury yields also leaped in the bond market, raising the pressure on the stock market, after a report showed inflation was hotter last month than economists expected. It's the third straight report to suggest progress on bringing high inflation down may be stalling. “There are still embers of inflation here and there in the economy,” said Joe Davis, chief global economist at Vanguard. For shoppers, that's painful because of the potential for even higher prices at the store. For Wall Street, that's painful because it could convince the Federal Reserve to hold back on delivering the cuts to interest rates that traders are craving and have been betting on. The S&P 500 had already leaped more than 20% since Halloween in part on expectations that the Fede Show less Read more
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