News Formal

US Stocks Waver as Investors Weigh Inflation, Labor Data Ahead of Fed Meeting

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

Finance Nouvelles

Stock Market,Inflation,Interest Rates

The S&P 500 and Nasdaq Composite experienced mixed performance on Thursday as investors analyzed recent inflation and labor market data, which are influencing expectations for the Federal Reserve's next interest rate decision. The Dow Jones Industrial Average declined.

US stocks wavered on Thursday as investors digested fresh inflation and labor data testing high-running expectations for a quarter-point interest-rate cut next week. The S&P 500 fell 0.2% while the Nasdaq Composite gained 0.1%, coming off sharp closing gains fueled by a tech rally. The Dow Jones Industrial Average fell 0.5%. The market is regrouping after a seesaw Wednesday that saw revived enthusiasm for techs pull stocks out of a slide.

Read more: Fed predictions for 2024: What experts say about the possibility of a rate cut Before the bell, the August Producer Price Index provided indication that inflation pressures are cooling enough for the Fed to start easing rates. Wholesale prices rose at a rate of 0.2% month-over-month, slightly above what economists anticipated. On an annualized basis, PPI increased 1.7%, in line with expectations, while July's reading was revised lower.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Nvidia, chip stocks waver after previous day's sell-offNvidia fell 1.6% in premarket trading after Tuesday's 9.5% decline wiped out $279 billion from its market value, the biggest ever single-day decline for a...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Nvidia, chip stocks waver after previous day’s sell-offDrop reflects growing concern on Wall Street over the stocks’ lofty valuations as AI optimism cools
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Stocks closed mixed, why investors may want to bet on gold: Market Domination OvertimeThe Dow Jones Industrial Average (^DJI) closed right above in positive territory on Wednesday's session. The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallHONG KONG (AP) — Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Premarket: World stocks mixed after Wall Street extends losses as technology and energy stocks fallSeveral other reports this week will help give a clearer picture of the economy for the Fed and Wall Street
La source: globeandmail - 🏆 5. / 92 Lire la suite »