Investing.com-- The S&P 500 fell Wednesday, as investors hit pause on the recent rally and awaited further catalysts including key inflation data later this week.
The Fed cut rates by 50 basis points last week and announced the start of an easing cycle, which analysts expect could bring rates lower by a total of 125 bps this year.data - the Fed’s preferred inflation gauge - is due on Friday, and is likely to factor into the central bank’s plans for interest rates.
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:
Canada Canada Latest News, Canada Canada 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 closes lower as chip stocks lead tech wobbleStock Market Today: S&P 500 closes lower as chip stocks lead tech wobble
Source: Investingcom - 🏆 450. / 53 Read more »
Stock Market Today: S&P 500 ekes gain as Nvidia slip weighsStock Market Today: S&P 500 ekes gain as Nvidia slip weighs
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: S&P 500 slips as Nvidia rebound runs out of steamStock market today: S&P 500 slips as Nvidia rebound runs out of steam
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: S&P 500 slides on fresh economic worries ahead of jobs reportStock market today: S&P 500 slides on fresh economic worries ahead of jobs report
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: S&P500 in worst week since 2023 as soft jobs data stoke worryStock market today: S&P500 in worst week since 2023 as soft jobs data stoke worry
Source: Investingcom - 🏆 450. / 53 Read more »
Stock Market Today: S&P 500 rebounds from last week's slump; inflation data eyedStock Market Today: S&P 500 rebounds from last week's slump; inflation data eyed
Source: Investingcom - 🏆 450. / 53 Read more »