Stock market today: Dow, S&P 500, Nasdaq slip after hotter-than-expected inflation print

US stocks drifted lower on Thursday after the latest consumer inflation print came in hotter than anticipated, setting up expectations for the path of interest rates. The Dow Jones Industrial Average slipped nearly 0.2%, while the S&P 500 shed roughly 0.3%, after both clinched fresh record highs. The tech-heavy Nasdaq Composite also edged down 0.5%. Consumer prices rose 0.2% last month, according to US government data, more than the 0.1% rise Wall Street was expecting.

But the jobs market provided a surprise of its own on Thursday, as initial unemployment claims rose to 258,000, much more than Wall Street anticipated and the highest print since June 2023. Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards Amid all the moving parts, traders now see a 15% chance that the Fed holds rates steady in November, per the CME FedWatch Tool.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market today: Dow, S&P 500, Nasdaq futures stall with Fed and Google breakup in focusInvestors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rallyWall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Dow, S&P 500 close at record highs, Nasdaq surges amid rate cut euphoriaWall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Dow, S&P 500, Nasdaq futures surge as Fed fires up rallyWall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Dow, S&P 500, Nasdaq slip as 10-year jumps past 4%Investors have overhauled their views on interest rate cuts after a blowout jobs report, ahead of a week of key inflation data and the start of earnings...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Stock rally loses steam as S&P 500, Dow slip from recordsNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »