US stocks pulled back on Friday, signaling a retreat from all-time highs as European turmoil rattled nerves and Elon Musk's pay package win thrust Tesla center stage. The Dow Jones Industrial Average sank about 0.5% to lead the declines, while the S&P 500 shed 0.4%. The tech-heavy Nasdaq Composite dropped 0.3%. Stocks are losing steam after the benchmark S&P 500 and the Nasdaq nailed record closes for the fourth day in a row, boosted by strength in techs.
Read more: How does the labor market affect inflation? But the Fed this week dialed down its projected rate cuts from three to one in 2024, keeping the market guessing and leaving stocks vulnerable to shifts in mood. Strength in technology names has driven broader gains, setting up the S&P 500 and the Nasdaq for weekly wins — for now, at least. But the Dow faces a loss for the week, as questions persist about the breadth of this year's rally.
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Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
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Stock market today: Nasdaq slips after record as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
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Stock market today: Stocks extend record-setting rally, Tesla rises ahead of Musk pay decisionInvestors are continuing to weigh signs of cooling inflation and a hawkish shift in the Fed's view on rate cuts.
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Stock market today: Stocks waver ahead of Fed as Apple surges to recordInvestors braced for a Federal Reserve meeting that should signpost the path of interest rates, with a key inflation print also waiting in the wings.
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Stock market today: US stocks slip from records as focus turns to FedInvestors braced for a Federal Reserve meeting that should signpost the path of interest rates, with a key inflation print also waiting in the wings.
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Stock market today: World stocks are mixed ahead of this week's Fed meetingHONG KONG (AP) — World shares were mixed on Tuesday in a busy week that will bring several top-tier reports on U.S. inflation along with a policy meeting of ...
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