Reported 1 day ago
US stocks experienced a mixed session on Thursday, with the Dow slightly down and the S&P 500 achieving its third consecutive record close despite a surprising increase in July's Producer Price Index (PPI) inflation data. The stronger-than-expected PPI raised concerns about the anticipated rate cut from the Federal Reserve in September, dampening market enthusiasm. The Nasdaq Composite finished just below its all-time high, while Bitcoin retreated from its record after the PPI news.
Source: YAHOO