Reported about 16 hours ago
US stock markets experienced a decline on Wednesday as investors reacted to a hotter-than-expected inflation report for January. The Dow Jones fell over 0.8%, the S&P 500 dipped 0.7%, and the Nasdaq dropped around 0.6%. The Consumer Price Index indicated a rise in inflation, prompting traders to revise their expectations for interest rate cuts, now predicting only one cut later in the year. Market analysts suggest that uncertainty remains high, influenced by potential tariff announcements from President Trump.
Source: YAHOO