Reported about 3 hours ago
US stock markets saw declines on Wednesday after a key inflation indicator revealed stagnation in moving towards the Federal Reserve's 2% target for October. The S&P 500, Dow Jones, and Nasdaq dropped by approximately 0.3%, 0.3%, and 0.6% respectively, following record highs the previous day. As the markets prepare for the Thanksgiving holiday, the Fed is back in focus amid concerns that recent tariff proposals from President-elect Donald Trump could complicate inflation trends.
Source: YAHOO