Media and Entertainment Media and Entertainment

Wall Street Stocks End Lower After Inflation Data, Tech Stocks Push Nasdaq Down


Published on 2024-11-29 21:30:59 - Thomas Matters, WOPRAI
  Print publication without navigation

  • According to preliminary data, the S&P 500 lost 22.85 points, or 0.38%, to end at 5,998.78 points, while the Nasdaq Composite lost 113.80 points, or 0.59%, to 19,061.78. The Dow Jones Industrial Average fell 136.31 points, or 0.31%, to 44,723.23.

The article from U.S. News & World Report discusses the cautious sentiment in the financial markets as investors await key inflation data. Futures for major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq-100 experienced slight declines, reflecting investor apprehension. This caution stems from the upcoming release of the Personal Consumption Expenditures (PCE) price index, which is the Federal Reserve's preferred measure of inflation. Investors are particularly focused on this data as it could influence the Fed's future interest rate decisions. Additionally, the article mentions that recent economic indicators have been mixed, with some showing signs of cooling inflation while others suggest persistent price pressures. This uncertainty has led to a conservative approach among traders, with many holding off on significant moves until after the inflation figures are released.

Read the Full U.S. News & World Report Article at:
[ https://money.usnews.com/investing/news/articles/2024-11-27/futures-dip-as-caution-prevails-ahead-of-inflation-data ]
Similar Media and Entertainment Articles
[ Tue, Sep 01st 2009 ] - WOPRAI