Stocks Continue Decline As Inflation Fears Persist

• Global stock markets continued to fall Thursday as inflation fears persisted and expectations grew that the U.S. Federal Reserve will tighten policy in the coming months. 
• Earlier in the week, global stock markets suffered their worst rout since January. A heavy sell-off in tech stocks on Tuesday had consigned Wall Street to its steepest drop since mid-July. Global shares had staged a partial recovery Wednesday but resumed their decline on Thursday. MSCI's gauge of stocks across the globe shed 0.04%. 
• "U.S. investors are glad to see September end," said Edward Moya, senior market analyst at OANDA, summing up the mood of most market participants. "US stocks ended mostly on a down note as lawmakers try to avoid a government shutdown and deliver on the $1 trillion infrastructure bill, all while an energy crisis brews abroad."

(Source: Reuters)