Stock selloff continues, producer inflation soars, bitcoin battered
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| Symbol | Price | Change | %Change |
|---|---|---|---|
| COIN | $56.50 | +2.78 | +5.18% |
Bitcoin traded around $27,000. Bitcoin had fallen the last seven days leading into Thursday. Bitcoin is off more than 26% month-to-date and down more than 38% year-to-date.
Wall Street futures
Stock futures are lower Thursday ahead of a report on wholesale inflation and weekly jobless claims.
Meanwhile, oil prices dipped, with West Texas Intermediate futures trading at around $104.80 a barrel and Brent crude futures trading at about $106.50 per barrel.
Traders at New York Stock Exchange (REUTERS/Brendan McDermid)
U.S. equity futures traded lower Thursday morning as selling continued after the consumer price index for April remained near a 40-year high, sparking concerns about a looming recession. Continue reading
Oil wells (iStock)
Benchmark U.S. oil dropped to $103 per barrel in electronic trading on the New York Mercantile Exchange. It gained 6% on Wednesday. Brent crude fell to around $105 per barrel. It added 4.9% the day before.
Gas prices (AAA)
The average price for a gallon of gasoline in the U.S. rose to a record Thursday morning to $4.418, according to the latest numbers from AAA. The price on Wednesday was $4.404.
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