Stocks Retreat On Warm Inflation Report

Dow tumbles 200 points, Nasdaq retreats back below 20,000 after warm inflation report (CNBC)

S&P 500’s Record Rally Shows Cracks as Most Stocks Left Out (Bloomberg)

Stifel says a 10% to 15% S&P 500 correction is coming because of sticky inflation (CNBC)

Adobe shares plunge 13% on disappointing revenue guidance (CNBC)

ServiceTitan pops to $101 in cloud software vendor’s Nasdaq debut after selling shares at $71 (CNBC)

Google’s Quantum Boost Doesn’t Really Compute (WSJ)

Nvidia Steps Up Hiring in China to Focus on AI-Driven Cars (Bloomberg)

China Comes Out Swinging as Trump Trade War Looms (WSJ)

China Vows Bigger Fiscal Spending to Boost Consumption Next Year (Bloomberg)