Thu, December 12, 2024
Wed, December 11, 2024
[ Wed, Dec 11th 2024 ]: Forbes
6 Best Value Stocks To Buy In 2025
Tue, December 10, 2024
Mon, December 9, 2024
Sun, December 8, 2024
Sat, December 7, 2024

Stock market today: Indexes slip as investors brace for November inflation report


  Copy link into your clipboard //stocks-investing.news-articles.net/content/202 .. vestors-brace-for-november-inflation-report.html
  Print publication without navigation Published in Stocks and Investing on by Business Insider
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  Stocks wobbled before a key inflation report. November CPI data comes ahead of the Fed's final meeting of 2024, with markets eyeing another rate cut.

The article from Business Insider discusses the recent performance of the U.S. stock market, highlighting a significant sell-off influenced by several key factors. Oracle's stock plummeted by 12% after reporting weaker-than-expected earnings and providing a disappointing outlook, which negatively impacted investor sentiment. Alphabet, Google's parent company, also saw its shares drop by 7.5% following a report that Samsung might replace Google with Bing as the default search engine on its devices. This news added to the market's volatility. Additionally, the market was reacting to the latest Consumer Price Index (CPI) data, which showed inflation cooling but still above the Federal Reserve's target, leading to uncertainty about future interest rate decisions. The broader market indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq all experienced declines, reflecting broader concerns about economic growth, corporate earnings, and the ongoing battle against inflation by the Federal Reserve.

Read the Full Business Insider Article at:
[ https://markets.businessinsider.com/news/stocks/stock-market-today-indexes-selloff-oracle-google-cpi-fed-inflation-2024-12 ]

Publication Contributing Sources