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U.S. stock futuresThe Dow rose on Wednesday, ahead of the release of the second of this week’s key inflation reports. Wall Street witnessed a volatile sessionTuesday: Dow Jones Industrial AverageA 500-point gain was achieved, with a session low of 350 points. Then, the closing score was 84 points lower. This is the fourth consecutive down day. There were S&P 500And the NasdaqWe were able break the three-session losing streaks by closing higher. Dow stock DisneyEarnings will be reported after the closing bell on Wednesday.

The 10-year Treasury yieldThe Dow Jones Industrial Average fell to 2.9% Wednesday, a rebound from multiyear highs. The 8:30 AM ET release of the government’s budget will be closely watched by traders. ET publication of the government’s consumer price index for April. The CPI (which measures retail inflation) is expected to rise by 8.1% over the previous year, compared to March’s 8.5%. These readings could suggest that inflation is at its peak, and would be a good sign for Federal Reserve’s tightening of price controls.

Oil prices, which have reached record highs in recent years, are a major source of inflation. West Texas Intermediate crudeThe American benchmark roseFollowing back-toback sharp drops, Wednesday’s barrel price was around 3.5% to $103/barrel. As the European Union tries to get support for a Russian embargo, the downturn of the last session was caused by supply worries. Voting on the proposal has been delayed due to opposition from Hungary.

The shares of CoinbasePremarket on Wednesday saw a 14.5% drop in the cryptocurrency exchange’s shares. This was the day after it reported that its quarterly revenue fell 27% to $1.17billion. falling short of estimates. Also, it announced a quarter-end loss of $1.98 per Share. Coinbase reported a decrease in its users due to the recent downturn in digital currencies. Bitcoin lost over 50% from its November record high of $68,000.

These are the two major tokens that Terra has been trying to steal from its crypto-project. are now in free fall. UST, a stablecoin meant to have a 1-to-1 relationship with the U.S. Dollar, fell to 31 cents on Wednesday. The sister token luna plunged over 80%, to $3.78. Stablecoins are akin to bank accounts for the crypto economy, offering a sound store of value to avoid the kind of volatility cryptocurrencies like bitcoin have become notorious for — in theory, at least. UST is still a new cryptocurrency, but it has become a significant player in the market, having a circulating supply totalling 16 billion tokens.

— CNBC’s Hannah Miao, Samantha Subin, Sarah Min, Patti Domm, MacKenzie Sigalos Ryan BrowneThis report was also contributed by Reuters.

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