Reported 11 months ago
US stocks edged lower as the S&P 500 and Nasdaq experienced a slight decrease after a few days of losses, with investors observing the tech-driven rally and evaluating the potential for rate cuts. Treasury yields also rose slightly. The market is awaiting economic data, especially the upcoming PCE inflation report, as Federal Reserve officials indicate that interest-rate cuts will depend on future data. Rivian stock surged following news of an alliance with Volkswagen, while other companies like FedEx showed positive movement based on strategic decisions. Investors are also monitoring Chipotle as its 50-for-1 stock split, the largest in NYSE history, takes effect.
Source: YAHOO