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Medtech Companies Rally After Data on Weight Loss Drug

  • 📰 Reuters
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Medtech,Weight Loss Drug,S&P 500

The S&P 500 closed slightly lower as investors awaited crucial inflation data that could impact the U.S. Federal Reserve's interest rate decisions. The focus shifted to the Consumer Price Index (CPI) data, with economists expecting a 3.3% increase for October. Core prices are expected to remain unchanged. The CPI reading, along with the labor market, will determine the future of Fed policy.

The S&P 500 closed slightly lower as investors awaited crucial inflation data that could impact the U.S. Federal Reserve's interest rate decisions. The focus shifted to the Consumer Price Index (CPI) data, with economists expecting a 3.

3% increase for October. Core prices are expected to remain unchanged. The CPI reading, along with the labor market, will determine the future of Fed policy.

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