US Stock Market Slides Ahead of Key Inflation Report

Reported 16 days ago

On December 10, 2024, major US stock indices, including the Dow Jones, S&P 500, and Nasdaq, experienced declines of approximately 0.3% as investors adopted a cautious stance awaiting the release of the November Consumer Price Index (CPI) report, which is considered crucial for future interest rate decisions by the Federal Reserve. Despite some individual stock movements, such as Alphabet seeing a rise of over 5% due to advances in quantum computing, overall market activity remained muted ahead of inflation data that may influence anticipated rate cuts.

Source: YAHOO

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