US Stocks End Mixed as Inflation Data Raises Fresh Rate Concerns
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4 Articles
On the 26th (local time), the three major New York stock indices closed mixed as they took a breather. Investors refrained from hasty trading ahead of the earnings announcement by Nvidia, a leader in the global semiconductor market. Furthermore, as the rise in U.S. inflation shows no signs of abating, the possibility of a central bank interest rate hike has also emerged. On the New York Stock Exchange, the Dow Jones 30 Industrial Average fell 11…
US Stocks End Mixed as Inflation Data Raises Fresh Rate Concerns
New York, Aug 27: US stocks closed mixed on Wednesday as fresh inflation data offered few signs of a significant easing in price pressures, leaving investors cautious about the Federal Reserve’s next move on interest [...] The post US Stocks End Mixed as Inflation Data Raises Fresh Rate Concerns appeared first on Business News This Week.
The New York Stock Exchange closed lower today, following the release of new data on the course of inflation in the US, which were slightly higher than experts' forecasts. The Dow Jones industrial average closed down 113.52 points (-0.21%), at 53,463.88 points. The Nasdaq index, dominated by technology companies, closed down 21.10 points (-0.08%), at 26,130.19 points. The broader S&P 500 index, indicative of the general trend, closed with a marg…
On the 26th, the Dow Jones Industrial Average on the New York Stock Exchange fell for the first time in four trading days, closing down 113.52 points at 53,463.88. Selling orders dominated as US inflation data exceeded market expectations, increasing concerns about a US interest rate hike.
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