Sen Minority Leader Mitch McConnell: It may take a recession to crush inflation


US Senate Minority Leader Mitch McConnell is on the wires saying it may take a recession to crush inflation.

Meanwhile, in the US stock market, after opening lower, major indexes rallied. The S&P and NASDAQ indices traded in positive territory. The NASDAQ is virtually unchanged at present. The S&P is down slightly. The Dow Jones Industrial Average approached flat levels, but has since retreated and is currently trading around -130 points.

A snapshot of the market currently shows:

  • Dow Industrial Average -132.15 points or -0.40% to 33080.82. The high price reached 33187.11 less than 25 points from unchanged on the day
  • The S&P index is down -11.48 points or -0.28% at 4146.75. Its high price reached 4159.48. At the session low, the S&P index tested its 200 hour mark by moving to 4103.94. The low reached 4104.88 today.
  • The NASDAQ

NASDAQ

The NASDAQ index is trading above and below its 200 H MA

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