News Formal

Stock market today: Stocks fall in whipsaw trading action as inflation report looms

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 18 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nasdaq Composite News

Consumer Inflation

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 dropped 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 gave up earlier gains to fall about 0.5%, while tech-heavy Nasdaq Composite also reversed positive swings to decline roughly 0.3%. Losses tied to the Dow Jones Industrial Average accelerated by afternoon trading, with the index dropping roughly 1%, or about 500 points.

Volatility is stalking the markets as investors waver between hopes for a hefty 0.5% rate cut from the Federal Reserve and worries about recession risks. August's consumer inflation reading on Wednesday should provide some clues after the monthly jobs report left the market guessing on just how much the central bank will cut rates.

 

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: Asian shares are trading mixed as investors gauge inflation dataTOKYO (AP) — Asian shares were trading mixed Tuesday after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures steady as investors wait for next wave of dataLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataTOKYO (AP) — Asian shares were trading mostly higher Tuesday after a rally on Wall Street that regained some of the losses from the market’s worst week in...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq edges higher, Dow drops as investors await key signals on inflation, economyWall Street is coming off a whipsaw week that has left markets jumpy and 'on edge.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow ekes out another record as investors await Nvidia earningsStocks are struggling to find a footing as Nvidia's high-stakes earnings loom.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »