Reported 10 days ago
U.S. stocks experienced a mixed closing on Wednesday, with tech stocks, particularly the Nasdaq Composite, declining by 0.3%, while the S&P 500 remained nearly unchanged, and the Dow Jones increased by 0.1%. This mixed performance came as investors absorbed new consumer inflation data indicating a year-over-year increase of 2.6% in the Consumer Price Index for October, maintaining expectations for a Federal Reserve rate cut next month. The market currently anticipates an over 80% chance of a rate cut in December amid mixed economic signals and ongoing inflation concerns.
Source: YAHOO