Stocks End Lower as Inflation Fears Persist

U.S. stock futures were relatively unchanged on Tuesday night as heightened inflation fears following the release of fresh economic data led to a losing trading day on Wall Street.Stocks were under pressure during Tuesday's regular session, as all three major averages finished solidly in the red on the heels of new data on the state of the U.S. services industry. For December, the Institute for Supply Management's services index stood at 44.7, a significant decline from November's 56.5.

That said, the ISM reading also showed an increase in prices on the month, fanning concerns around stubborn inflation and raising questions around this year's trajectory of interest rate cuts from the Federal Reserve. According to the CME's fed funds futures trading data, there is a nearly 94% chance of no reductions at the central bank's meeting this month. Ayako Yoshioka, a portfolio consulting director at Wealth Enhancement Group, thinks the positive story for the market is still intact for 2025, even if the path to 'decent' returns is more volatile, as she expects. 'We have so many different crosscurrents, whether it's on the growth side, the inflation side, policy changes,' Yoshioka said Tuesday on CNBC's. 'Those are going to probably rattle markets at times, but I think they're going to be overall just buying opportunities in the long term.' Investors are now looking ahead to the ADP private payrolls report and jobless claims data. Both are due Wednesday morning. Minutes from the Fed's December meeting are due out at 2 p.m. ET

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