US stocks wavered on Tuesday as investors geared up for a looming consumer inflation report seen as crucial to determining the size of the first US interest-rate cut in years. The benchmark S&P 500 gave up earlier gains to hug the flatline by mid-morning trading while tech-heavy Nasdaq Composite ticked up roughly 0.2%. The Dow Jones Industrial Average saw losses escalate, with the index falling 0.5%, or about 200 points.
The countdown is on to the August consumer inflation reading on Wednesday, which could be decisive for rate-cut expectations after the monthly jobs report left the market guessing. Read more: Fed predictions for 2024: What experts say about the possibility of a rate cut With the Fed's policy decision just days away, investors are still unsure whether a 25- or 50-basis-point cut is on the way.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Stock market today: Nasdaq edges higher, Dow drops as investors await key signals on inflation, economyWall Street is coming off a whipsaw week that has left markets jumpy and 'on edge.'
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: Dow, Nasdaq seesaw amid more soft jobs market dataLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: Dow hits record, S&P 500, Nasdaq rise despite fall in Nvidia sharesThe dust is settling after Nvidia's solid but disappointing earnings, as investors reassessed the prospects for techs.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: S&P 500, Nasdaq, Dow rise as wait for Powell beginsInvestors are counting down to a speech by Jerome Powell at Jackson Hole that could reset rate-cut expectations.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: Dow slides 600 points, Nasdaq sinks 3% as Nvidia leads chip sell-offWall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: Dow closes at record high, S&P 500, Nasdaq slide as tech lagsStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »