Stocks wavered in afternoon trading on Wall Street Friday and headed for weekly losses as investors reviewed mixed news on the economy.
Helping to support the market was a report indicating U.S. households are lowering their forecasts for upcoming inflation. That could help avoid a scenario the Federal Reserve has said often it’s desperate to prevent: a vicious cycle where shoppers rush to make purchases in advance of expected price rises, which would only worsen inflation.
The latest round of reports are the last big economic updates of the year and investors will soon turn their focus to the next round corporate earnings. Most investors are hoping to get a better sense of how consumers are doing through those reports and forecasts, along with the picture for corporate profits, said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Blue-chip stocks plummet, pulling Dow lower as Grinch makes home on Wall StreetThe Dow Jones Industrial Average is down Thursday as some of the indices’ key stocks nosedive Can you say $1.7 TRILLION!!!!!
اقرأ أكثر »
Stocks open lower on Wall Street ahead of Christmas holiday | amNewYorkStocks are off to a weak start on Wall Street following some mixed news on the economy. The S&P 500 was down 0.5% Friday. The government reported that a
اقرأ أكثر »