Stock market news live updates: Stocks slide as investors face medley of Fedspeak and earnings

U.S. stocks faltered Thursday morning as optimism around easing inflation and a Federal Reserve policy shift waned, while Wall Street parsed through a motley of corporate earnings.

The S&P 500 (^GSPC) sank more than 1.1%, while the Dow Jones Industrial Average (^DJI) shed 260 points, or 0.8%. The technology-focused Nasdaq Composite (^IXIC) tumbled 1.4%.

Comments from St. Louis Federal Reserve President James Bullard weighed on investor sentiment early Thursday as he suggested the Fed’s monetary tightening campaign has so far had “limited effects” on observed inflation and that even a “dovish” policy from here would need to spike the federal funds rate at least another percentage point.

Investors are in for a prolific day of Fedspeak, with several Fed policymakers scheduled to give public remarks across the country Thursday.

In the economic data spotlight, filings for unemployment insurance fell last week, holding near historic lows even as a flurry of technology companies report layoff…

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This article was written by and originally published on finance.yahoo.com