Dec 9 - The S&P 500 and the Nasdaq were slightly lower on Monday after notching record closing highs in the previous session, as losses in chip stocks including Nvidia weighed, while investors awaited a key inflation report this week.
Bets of a 25-basis-point rate cut at the upcoming meeting shot up to more than 89% after data on Friday showed a rise in the unemployment rate to 4.2% in November, pointing to an easing labor market. Nvidia , was last down 2.4% after China's market regulator said it had opened an investigation into the company over suspected violation of the country's antimonopoly law, knocking a gauge of semiconductor stocks , down 0.3%.
Wall Street's main indexes kicked off December on a broadly positive note, with the benchmark S&P 500 , and the tech-heavy Nasdaq , logging gains in their first week, while the blue-chip Dow , ended the week marginally lower. Interpublic Group , advanced 9.5% after a report said marketing conglomerate Omnicom , was in advanced talks to acquire the advertising company. Omnicom shares were down 6%.
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Fonte: KitcoNewsNOW - 🏆 13. / 78 Leggi di più »
Fonte: KitcoNewsNOW - 🏆 13. / 78 Leggi di più »