Stephanie Keith/Getty ImagesUS stocks slumped from record highs as traders awaited fresh economic data.Markets are bracing for the latest GDP revision, jobless claims, and PCE inflation data in the coming days.Traders are still pricing in considerable rate cuts well into next year, per the CME FedWatch tool.US stocks were mostly lower on Wednesday, ending a record-setting streak of gains as traders looked ahead to coming economic data.
Stock Market Today: Dow, S&p 500 Drop As Rally Loses Steam Ahead Of Fresh Economic Data
jsor@businessinsider.com (Jennifer Sor), Business Insider
Wed, 09/25/2024 - 1:06pm
Topics: stephanie keith/getty imagesus gdp pce dow jones industrial average nasdaq composite traders personal consumption expenditures scott wren wells fargo middle east ukraine november micron technologies micron average benard arnault december fundstrat west texas intermediate business insider us fed cme fedwatch dow jones industrial s&p treasury ai micron stock market today drop rally fresh economic data points cuts rate earnings inflation coming basis wednesday economy year slow point slumped jobless investors record revision pace closing year-end latest highs strength fell crude yield bell week rose
BING NEWS:
- Stock market today: Dow, S&P 500 drop as rally loses steam ahead of fresh economic data
Traders are waiting on the second-quarter GDP revision and weekly jobless claims data to roll out on Thursday. Micron reports earnings after the closing bell.
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The Dow Jones Industrial Average snapped a four-day winning streak Wednesday, while the S&P 500 ended slightly lower after back-to-back gains. Both indexes were coming off record closes on Tuesday.
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Sensex and Nifty traded on a flat note on Wednesday after hitting record highs for last four sessions, as traders are expected to take a breather, while they look for cues on the strength of the U.S.
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09/23/2024 - 11:05 pm | View Link - Stock futures are flat after Dow closes at a fresh record: Live updates
U.S. stock futures were little-changed Monday after the S&P 500 and Dow Jones Industrial Average posted new record closes. Futures tied to the 30-stock Dow slipped 23 points, or 0.05%. S&P 500 futures ...
09/23/2024 - 11:04 am | View Link - More
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