News Formal

Stock market today: S&P 500, Nasdaq edge higher as inflation report looms

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Nasdaq Composite News

Consumer Inflation,Bargain Hunting

Investors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.

US stocks wavered on Tuesday as investors geared up for a looming consumer inflation report seen as crucial to determining the size of the first US interest-rate cut in years. The benchmark S&P 500 and tech-heavy Nasdaq Composite ticked up roughly 0.4% and 0.7%, respectively, while the Dow Jones Industrial Average fell about 0.2%. The moves follow Monday's sharp rebound, which saw the major gauges surge over 1% as investors went post-rout bargain hunting.

The countdown is on to the August consumer inflation reading on Wednesday, which could be decisive for rate-cut expectations after the monthly jobs report left the market guessing. Read more: Fed predictions for 2024: What experts say about the possibility of a rate cut With the Fed's policy decision just days away, investors are still unsure whether a 25- or 50-basis-point cut is on the way.

 

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: S&P 500, Nasdaq rise as rate-cut conviction runs highThe market is weighing how deeply the Federal Reserve could cut interest rates in September on the eve of a key speech by Jerome Powell.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq rip higher as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq slip as sluggish start to September continuesInvestors are looking to labor data to gauge the chances of a 'soft landing' for the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures rise as rate-cut conviction runs highThe market is weighing how deeply the Federal Reserve could cut interest rates in September on the eve of a key speech by Jerome Powell.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq slump as Nvidia struggles ahead of earningsStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures point higher with key inflation data loomingInvestors are anxious for several economic datapoints this week, starting with inflation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »