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Stock Market Today: Cautious Investors Let Stocks Drift Lower


Published on 2025-05-20 21:21:14 - Kiplinger
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  • Speaking to Bloomberg at the Federal Reserve Bank of Atlanta's 2025 Financial Markets Conference, Atlanta Fed President Raphael Bostic reiterated that he expects the central bank to make one rate cut in 2025 because of uncertainty created by President Donald Trump's tariffs policy.

On October 10, 2023, the stock market experienced a cautious trading session, with major indexes like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closing lower. The Dow Jones fell by 173 points, or 0.5%, while the S&P 500 and Nasdaq saw declines of 0.6% and 0.6%, respectively. Investors were digesting mixed signals from recent economic data, including a higher-than-expected consumer confidence reading and a drop in job openings, which suggested a cooling labor market. Additionally, geopolitical tensions in the Middle East contributed to the cautious sentiment. Treasury yields also saw a slight increase, with the 10-year Treasury yield rising to 4.78%. Despite the day's losses, some market analysts remain optimistic, citing strong corporate earnings and a resilient economy as reasons for potential future gains.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-cautious-investors-let-stocks-drift-lower ]