Reported about 12 hours ago
US stock markets retreated for the second consecutive day as the Dow, S&P 500, and Nasdaq faced pressure from mixed signals regarding future interest rate cuts from the Federal Reserve. Despite a notable surge in Alibaba's stock following their announcement of increased AI spending, the broader market slipped around 0.3% to 0.4%. Investors are focusing on upcoming economic indicators and the potential impact on inflation and interest rate expectations.
Source: YAHOO