Reported 5 months ago
Stocks and bonds dropped as US business activity and inflation increased, leading to expectations of the Fed maintaining interest rates. The S&P 500 fell below 5,300, except for Nvidia Corp. which rose over 9%. The Dow Jones lost 1.5% due to Boeing's decline. Treasury yields rose, shorter maturities leading. Expectations for a quarter-point rate cut in December strengthened. Fed's focus on inflation could delay rate cuts. Bitcoin, oil, and gold fell amid US economic strength. Nvidia's strong earnings and market insights suggest S&P 500 growth. Key events include Japan CPI, Canada retail sales, German GDP, and US consumer sentiment. Market movements showed declines in major indices, rises in dollar and bond yields, and falls in cryptocurrencies, oil, and gold.
Source: YAHOO