US Stocks Waver as Investors Weigh Inflation, Labor Data Ahead of Fed Meeting

US stocks wavered on Thursday as investors digested fresh inflation and labor data testing high-running expectations for a quarter-point interest-rate cut next week. The S&P 500 fell 0.2% while the Nasdaq Composite gained 0.1%, coming off sharp closing gains fueled by a tech rally. The Dow Jones Industrial Average fell 0.5%. The market is regrouping after a seesaw Wednesday that saw revived enthusiasm for techs pull stocks out of a slide.

Read more: Fed predictions for 2024: What experts say about the possibility of a rate cut Before the bell, the August Producer Price Index provided indication that inflation pressures are cooling enough for the Fed to start easing rates. Wholesale prices rose at a rate of 0.2% month-over-month, slightly above what economists anticipated. On an annualized basis, PPI increased 1.7%, in line with expectations, while July's reading was revised lower.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Nvidia, chip stocks waver after previous day's sell-offNvidia fell 1.6% in premarket trading after Tuesday's 9.5% decline wiped out $279 billion from its market value, the biggest ever single-day decline for a...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Nvidia, chip stocks waver after previous day’s sell-offDrop reflects growing concern on Wall Street over the stocks’ lofty valuations as AI optimism cools
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

Stocks closed mixed, why investors may want to bet on gold: Market Domination OvertimeThe Dow Jones Industrial Average (^DJI) closed right above in positive territory on Wednesday's session. The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallHONG KONG (AP) — Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Premarket: World stocks mixed after Wall Street extends losses as technology and energy stocks fallSeveral other reports this week will help give a clearer picture of the economy for the Fed and Wall Street
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »