Stock market today: US stocks trade mixed as investors gear up for more inflation data this week
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US stocks traded mixed on Monday as investors gear up for a new set of inflation data later in the week. The Dow Jones Industrial Average traded higher, while the S&P 500 and Nasdaq 100 were slightly lower. Nvidia stock continued to move lower following a big rally last week. With earnings season over, investors will turn their attention to the PCE inflation data set to be released on Friday, which happens to be the Federal Reserve's preferred inflation gauge. Economists expect year-over-year Core PCE to be 2.6% in May. Investors will also keep an eye on initial jobless claims data, pending home sales, and a second revision to first-quarter GDP. All of this data will help inform investors as to when the Fed might launch its first interest rate cut of the cycle, with markets expecting the first rate cut to occur in September.
#UsStocks #InflationData #InterestRates #DowJones #S&p500 #Nasdaq100 #Nvidia #PceInflationGauge #Economy #InterestRateCut
https://markets.businessinsider.com/news/stocks/stock-market-today-pce-inflation-data-this-week-interest-rates-2024-6
Markets Insider /
npub1sm4…d5sv
2024-06-24 16:41:21
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2024-06-24 16:41:21Event JSON
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"content": "Stock market today: US stocks trade mixed as investors gear up for more inflation data this week\n==========\n\nUS stocks traded mixed on Monday as investors gear up for a new set of inflation data later in the week. The Dow Jones Industrial Average traded higher, while the S\u0026P 500 and Nasdaq 100 were slightly lower. Nvidia stock continued to move lower following a big rally last week. With earnings season over, investors will turn their attention to the PCE inflation data set to be released on Friday, which happens to be the Federal Reserve's preferred inflation gauge. Economists expect year-over-year Core PCE to be 2.6% in May. Investors will also keep an eye on initial jobless claims data, pending home sales, and a second revision to first-quarter GDP. All of this data will help inform investors as to when the Fed might launch its first interest rate cut of the cycle, with markets expecting the first rate cut to occur in September.\n\n#UsStocks #InflationData #InterestRates #DowJones #S\u0026p500 #Nasdaq100 #Nvidia #PceInflationGauge #Economy #InterestRateCut\n\nhttps://markets.businessinsider.com/news/stocks/stock-market-today-pce-inflation-data-this-week-interest-rates-2024-6",
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