Stocks edged lower on Friday, setting Wall Street up for a weekly loss, as investors weighed the impact of hot inflation prints on the Federal Reserve's policy decision next week. The S&P 500 lost 0.5%, while the Dow Jones Industrial Average shed 0.2%. The tech-heavy Nasdaq Composite decreased 0.6%.
With no big data releases on Friday's docket, eyes are turning to the February PCE report — the Fed's preferred inflation measure — for more clarity on whether inflation is cooling as fast as it wants. But that reading won't come until near the end of March, after the central bank's policy decision next week. Meanwhile, bitcoin pulled back further from its latest record high above $73,000, trading just below $67,000 at last check.
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: US stocks mixed as Wall Street watches and waitsStocks have lost momentum as investors regroup after the tumultuous run-up last week and as focus sharpens on the health of the US economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks waver after Fed's preferred inflation gauge meets expectationsInvestors are on edge for the PCE reading, seen as key to assessing how quickly the Fed will start cutting rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks little changed following record-setting weekStocks are stacking up gains again after Nvidia results sparked a global rally that has the chipmaker eyeing a $2 trillion valuation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks build on record-setting rallyThe market is kicking off March in a subdued mood as the relief sparked by the PCE reading wears off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: US stocks fall as tech, rate-cut doubts creep inUncertainty over Fed interest rate cuts and the continued strength of tech stocks has brought caution to the market.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks rise after February jobs reportAll eyes are on the crucial monthly jobs report that could shift the needle on the timing of interest rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »