Reported about 22 hours ago
The U.S. stock market closed lower, with the Nasdaq leading the declines, down approximately 1.9%, primarily impacted by Nvidia, which dropped over 6% following its record close. Investor sentiment turned cautious due to mixed economic data suggesting inflation pressures, resulting in revised bets on Federal Reserve interest rate cuts. The S&P 500 fell over 1.1%, while the Dow Jones also dipped about 0.4%. Additionally, positive job openings and rising service sector prices signalled ongoing inflation concerns.
Source: YAHOO