Stock market today: US stocks edge lower as investors watch for cues

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 18 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Nasdaq Composite News

Nvidia Stock,Treasury Yields,Nvidia

Investors are wondering whether the recent rough ride for stocks is a sign of a coming retreat.

US stocks slipped on Wednesday after the S&P 500 and Nasdaq snapped a three-day losing streak, as investors watched for signs of life in the tech-driven rally and weighed the prospects for rate cuts. The benchmark S&P 500 fell around 0.2% while the Dow Jones Industrial Average dropped about 0.4%. Meanwhile, the tech-heavy Nasdaq Composite was just below the flatline as Nvidia extended its rebound. The moves lower in stocks came as Treasury yields inched off their 3-month lows.

The outsize impact of Nvidia stock on broader performance has underlined the question. At the same time, the market is looking to economic prints for cues ahead of the key PCE inflation release on Friday. Federal Reserve speakers this week have underlined their caution in deciding to make interest-rate cuts, dependent on the data.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: US futures in holding pattern as investors watch for cuesInvestors are wondering whether the recent rough ride for stocks is a sign of a coming retreat.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock futures tumble as record-setting rally coolsInvestors are eyeing political turmoil in France as uncertainty about rate cuts dogs the market.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow leads stock market slide as rising Treasury yields rattle nervesA spike in Treasury yields has unsettled investors already weighing whether recent data will shift the needle on interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

ETFs for investors who feel done with the Canadian stock marketThere’s signs of disenchantment with the economic performance of this country
Source: globeandmail - 🏆 5. / 92 Read more »