Dow, S&P 500, and Nasdaq Fall as Nvidia Drives Tech Declines Following PCE Inflation and Consumer Data Release
Dow, S&P 500, Nasdaq slide as Nvidia leads tech losses after PCE inflation, consumer data US stocks fell from record highs on Friday as Wall Street digested an update on consumer inflation that showed prices firming higher above the Fed’s target in July. The Dow Jones Industrial Average (^DJI) fell around 0.5%, and the S&P […]
KC Fed’s Schmid Cautious About September Rate Cut, Highlights Importance of Upcoming Data
KC Fed’s Schmid wary of September rate cut, notes ‘very consequential’ data in coming weeks Kansas City Fed president Jeffrey Schmid said on Thursday the August jobs report due out Sept. 5 will be “very consequential” in shaping the central bank’s next move. “I think the data coming between now and the September meeting is […]
The Fed is Gaining Perspective—But Not Looking Too Far Ahead
The Fed is looking ahead — but not too far This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: You can add fresh tariff insights to the list of things people are waiting for this summer. Federal Reserve Chair Jerome Powell and […]
What You Need to Know This Week
Stocks drifted higher over the past week, with the S&P 500 (^GSPC) notching several record closes as investors digested more signs of cooling inflation amid resilient economic growth data. For the week, the S&P 500 and Dow Jones Industrial Average (^DJI) were up about 0.7%. Meanwhile, the Nasdaq Composite (^IXIC) popped nearly 1%. In the […]