Wed, November 27, 2024
Tue, November 26, 2024

Stock Market Today: Stocks Stall on Tariff Talk, Inflation Data

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Market participants hoping for a more dovish stance on monetary policy had a mixed reaction to the latest inflation data. The Fed's preferred measure of consumer prices - the Personal Consumption Expenditures Price Index (PCE) - showed that inflation came in a bit hot last month.
The article from Kiplinger discusses the stock market's reaction to recent economic developments. On the day in question, U.S. stocks experienced a lackluster performance, influenced by ongoing tariff negotiations between the U.S. and China, which have been a source of market volatility. Investors were also digesting new inflation data, which showed a slight uptick in consumer prices, potentially signaling future Federal Reserve actions on interest rates. The S&P 500, Dow Jones Industrial Average, and Nasdaq all closed with minimal changes, reflecting investor caution. Additionally, the article mentions specific sector reactions, with tech stocks like Apple and Microsoft showing slight declines, while energy stocks saw gains due to rising oil prices. The broader market sentiment was one of uncertainty, with investors weighing the implications of trade policy and inflation on future economic growth.

Read the Full Kiplinger Article at [ https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-stall-on-tariff-talk-inflation-data ]