Investing.com-- The Dow closed at record highs Monday, as cyclical stocks including financials were back in favor amid a rotation out from tech ahead of a widely expected Federal Reserve cut next month.
The inflation data will be closely watched though recent remarks by Fed policymakers have indicated that the Fed’s focus has shifted toward labor market risks and that inflation is close enough to target to facilitate cutting rates starting next month.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow ends above 40,000 as inflation continues to coolStock Market Today: Dow ends above 40,000 as inflation continues to cool
Source: Investingcom - 🏆 450. / 53 Read more »
Stock Market today: Dow in 1033-point rout as slowdown fears trigger selloffStock Market today: Dow in 1033-point rout as slowdown fears trigger selloff
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: Dow falls 1,000 points as recession fears fuel calls for interest rate cutEach of the major stock indexes fell more than 2% in early trading on Monday.
Source: abc13houston - 🏆 255. / 63 Read more »
Stock market today: Dow falls 1,000 points as recession fears fuel calls for interest rate cutEach of the major stock indexes fell more than 2% in early trading on Monday.
Source: ABC7 - 🏆 67. / 68 Read more »
Stock market today: Dow falls 1,000 points as recession fears fuel calls for interest rate cutEach of the major stock indexes fell more than 2% in early trading on Monday.
Source: ABC7Chicago - 🏆 284. / 63 Read more »
Stock market today: Dow falls 1,000 points as recession fears fuel calls for interest rate cutEach of the major stock indexes fell more than 2% in early trading on Monday.
Source: ABC7NY - 🏆 592. / 51 Read more »