Reported about 7 hours ago
U.S. stocks fell on Wednesday as the S&P 500 and Nasdaq experienced declines after new data indicated that inflation is stagnating relative to the Federal Reserve's target. The core Personal Consumption Expenditures index showed only a modest increase, raising concerns about progress towards the Fed's 2% goal. The market awaits more economic indicators before the Thanksgiving holiday, when trading will pause. Additionally, jobless claims have hit a seven-month low, while major companies like Dell and Nvidia have seen significant drops in stock value due to disappointing earnings.
Source: YAHOO