Investing.com -- The S&P 500 closed lower Monday, pressured by Nvidia-led weakness in tech just days ahead of key inflation data.) stock fell 2.6% after China launched an investigation into the chipmaker over suspected violations of the country's anti-monopoly law, in a move that will likely be seen as a retaliatory move against Washington's recent chip curbs.
While the central bank is widely expected to cut interest rates by 25 basis points next week, it is also expected to slow its pace of rate cuts in 2025, given the still elevated inflation and a strong labor market.
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