Reported about 7 hours ago
On October 10, 2024, US stocks, including the Dow Jones and S&P 500, fell as consumer inflation rose higher than expected, complicating the Federal Reserve's potential decision on interest rate cuts. Initial jobless claims also surged to 258,000, the highest since August, raising concerns over the labor market's health. Companies like Nvidia and Amazon saw some gains, but fears of persistent inflation and economic uncertainty weighed heavily on traders' expectations for the Fed's upcoming decisions.
Source: YAHOO