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 Stock Market or NASDAQ is an American stock exchange. It only tracks the New York Stock Exchange (NYSE) in terms of market capitalization and is part of a network of stock markets and options exchanges. Launched in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it has been known simply as NASDAQ and has become one of the most influential stock exchanges in the world. OTC) trading system. What makes up the NASDAQ? In particular, the exchange also includes the NASDAQ Composite, which includes almost all stocks listed on the NASDAQ stock market. Along with the Dow Jones Industrial Average (DIJA) and the S&P 500 Index, it is one of the three most followed stock market indices in the United States. Overall, the NASDAQ stock market has three different market levels. This includes the capital market, or a stock market for companies with a relatively small market capitalization. Listing requirements for small cap companies are less stringent than for other Nasdaq markets which list larger companies with significantly higher market capitalization. Additionally, the global market is made up of stocks that represent the global Nasdaq market. The Global Market consists of 1,450 stocks that meet stock exchange financial and liquidity requirements and corporate governance standards. Finally, the Global Select Market is a market capitalization-weighted index comprised of 1,200 US and international stocks that represent the Global Select Market Composite.
  

  The Nasdaq Stock Market or NASDAQ is an American stock exchange. It only tracks the New York Stock Exchange (NYSE) in terms of market capitalization and is part of a network of stock markets and options exchanges. Launched in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it has been known simply as NASDAQ and has become one of the most influential stock exchanges in the world. OTC) trading system. What makes up the NASDAQ? In particular, the exchange also includes the NASDAQ Composite, which includes almost all stocks listed on the NASDAQ stock market. Along with the Dow Jones Industrial Average (DIJA) and the S&P 500 Index, it is one of the three most followed stock market indices in the United States. Overall, the NASDAQ stock market has three different market levels. This includes the capital market, or a stock market for companies with a relatively small market capitalization. Listing requirements for small cap companies are less stringent than for other Nasdaq markets which list larger companies with significantly higher market capitalization. Additionally, the global market is made up of stocks that represent the global Nasdaq market. The Global Market consists of 1,450 stocks that meet stock exchange financial and liquidity requirements and corporate governance standards. Finally, the Global Select Market is a market capitalization-weighted index comprised of 1,200 US and international stocks that represent the Global Select Market Composite.
  Read this term the index is up 4.56 points or 0.04% to 12135.69. These are 200 hour moving averages at 12106.70. Current prices just above this moving average level tilting the short-term bias more in favor of the buyers (although price has traded above and below this moving average today)