Reported 8 days ago
Stocks experienced a decline on Friday following strong retail sales data and comments from a Federal Reserve official, indicating uncertainties about future interest rate cuts. The latest retail sales report showed a 0.4% increase in October, exceeding expectations, while the Fed's stance on potential cuts remained cautious. Major U.S. stock indexes, including the Nasdaq, S&P 500, and Dow Jones, finished negatively, highlighting investor concerns about whether the Fed can continue its rate-cutting cycle amidst a stable economy.
Source: YAHOO