News Formal

Stock market today: Dow, S&P 500 waver after hotter-than-expected inflation print

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Nasdaq Composite News

Consumer Inflation,The Federal Reserve

Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.

US stocks were lower on Thursday after the latest consumer inflation print came in hotter than anticipated, further blurring the picture of the Federal Reserve's next interest rate decision in November. The Dow Jones Industrial Average slipped 0.4%, and the S&P 500 dropped more than 0.3% after both clinched fresh record highs on Wednesday. The tech-heavy Nasdaq Composite was off about 0.1%.

The data was of greater interest than usual as investors puzzle over the chances of a "no landing" for the economy after last week's jobs report revived worries about inflation flaring up again. But the jobs market provided a surprise of its own on Thursday, as initial unemployment claims rose to 258,000, much more than Wall Street anticipated and the highest print since August 2023.

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:

 /  🏆 47. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: S&P 500, Dow open higher as investors keep watchful eye on economyNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock rally loses steam as S&P 500, Dow slip from recordsNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq slip after hotter-than-expected inflation printInvestors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq futures stall with Fed and Google breakup in focusInvestors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rallyThe focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »