Photo by Michael Nagle/Xinhua via Getty Images)Indexes slipped Thursday as investors priced in a higher-than-expected inflation reading.The data raises the possibility of a "no landing" scenario for the US economy.Traders still see the Fed cutting interest rates by 25 basis points at next month's meeting. Stocks fell on Thursday from records reached in the previous session, as traders took in a sticky inflation reading for September.

BING NEWS:
  • CNBC Daily Open: CPI's higher than expected. Is it just a “janky” data point?
    It’s important to see whether individual data points cohere into a larger pattern, or if they’re just “janky,” as Atlanta Fed President Raphael Bostic put it.
    10/10/2024 - 2:54 pm | View Link
  • Stocks slide after CPI Report shows inflation fell to 2.4% in Sept.
    Stocks slide after CPI Report shows inflation fell to 2.4% in Sept. Yahoo Sports ...
    10/10/2024 - 10:34 am | View Link
  • Stock market today: Indexes close lower after CPI shows sticky inflation in September
    Indexes slipped Thursday as investors took in higher-than-expected inflation. The latest data has sparked talk of a "no landing" for the US economy.
    10/10/2024 - 9:13 am | View Link
  • Stock Market Today: Markets Slip on Hot Inflation Print, Layoff News
    Starboard has amassed a stake worth about $1 billion, according to The Wall Street Journal, and is pressuring the firm to execute a turnaround plan. PFE stock is up about 2% on a price basis so far ...
    10/10/2024 - 9:10 am | View Link
  • Stock Market Today: Dow falls nearly 150 points, S&P 500 and Nasdaq lose grip on brief gains
    PayPal Holdings Inc.'s stock is one of the chief decliners in the S&P 500 on Thursday, off 3.2% after a downgrade at Bernstein. “While product velocity is improving, we remain worried about ...
    10/10/2024 - 7:23 am | View Link
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