Reported 1 day ago
U.S. stock markets closed lower as traders adjusted their expectations on interest rate cuts after mixed economic data indicated ongoing inflation concerns. The S&P 500 and Nasdaq both saw declines, led by a more than 6% drop in Nvidia shares following a record close. Labor market data showed a rise in job openings, but hiring slowed down, prompting speculations about the Federal Reserve's interest rate decisions.
Source: YAHOO