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

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.

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

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Stock Market Today: Dow, S&p 500 Drop As Rally Loses Steam Ahead Of Fresh Economic Data

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