Reported 2 days ago
After a strong positive close, the S&P 500 and Nasdaq saw a slight dip as investors digested recent economic data ahead of the Federal Reserve's upcoming meeting. While the Nasdaq surpassed 20,000 for the first time, concerns over inflation remained, especially following an unexpected rise in producer prices and new unemployment claims. The market is anticipating a 25 basis point rate cut from the Fed, despite mixed signals about the economy's resilience.
Source: YAHOO