Nasdaq leads Wall St declines as tech stocks slump after inflation data
Wall Street's main indexes fell on Wednesday, with the Nasdaq leading declines as technology stocks slumped ahead of the Thanksgiving holiday, while investors focused on the Federal Reserve's next move following an in-line inflation reading.
Stock Market Today: Stocks Stall on Tariff Talk, Inflation Data
Market participants hoping for a more dovish stance on monetary policy had a mixed reaction to the latest inflation data. The Fed's preferred measure of consumer prices – the Personal Consumption Expenditures Price Index (PCE) – showed that inflation came in a bit hot last month.
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Tech stocks were leading the stock market lower ahead of Thanksgiving. The tech-heavy Nasdaq Composite Index was off 1% in early afternoon trading, while the S&P 500's information technology sector ...
Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks and worries about the outlook for U.S.
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