Investing.com -- U.S. stocks traded in a mixed fashion Monday, remaining near record highs as investors looked to key inflation data this week for more cues on interest rates.
Moreover, 49% of respondents said they see the next S&P 500 10% correction to start sometimes in 2024. Similarly, 55% said they expect to keep the same S&P 500 exposure over the next month.The reading is the Fed’s preferred inflation gauge, and is likely to tie into the central bank’s stance on interest rate cuts.
Expectations of an eventual lowering in interest rates had driven Wall Street indexes to record highs through June, even as the Fed signaled that sticky inflation and a strong economy kept chances of such a scenario slim.), whose earnings are also viewed as a bellwether for global economic activity, is set to report its earnings for the quarter ended May on Tuesday.
Continued clashes between Russia and Ukraine, with Kyiv targeting major Russian refineries, also spurred concerns over supply disruptions.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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