Reported 1 day ago
On December 12, 2024, the U.S. stock market experienced declines across major indices, including the S&P 500, Nasdaq, and Dow, as investors reacted to fresh inflation data that raised doubts about future Federal Reserve interest rate cuts. The Dow Jones Industrial Average and S&P 500 dipped about 0.5%, while the tech-heavy Nasdaq slipped approximately 0.6%. Key economic indicators, such as a hotter-than-expected producer price index, alongside a downbeat revenue forecast from Adobe, contributed to the cautious market sentiment.
Source: YAHOO