News Formal

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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

Finance News

Stock Market,Inflation,Interest Rates

The S&P 500 and Nasdaq Composite experienced mixed performance on Thursday as investors analyzed recent inflation and labor market data, which are influencing expectations for the Federal Reserve's next interest rate decision. The Dow Jones Industrial Average declined.

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.

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:

 /  🏆 47. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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
Source: globeandmail - 🏆 5. / 92 Read more »

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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
Source: globeandmail - 🏆 5. / 92 Read more »