Markets Mixed as Inflation Data and Rate Cuts Dominate Focus
TL;DR Summary
The S&P 500 and Nasdaq edged lower as investors focused on inflation data and potential interest rate cuts. The Producer Price Index rose more than expected, raising doubts about a December rate cut by the Federal Reserve. Meanwhile, Adobe's shares dropped significantly due to a weak revenue forecast, and the Swiss National Bank made a surprise rate cut. President-elect Donald Trump rang the NYSE opening bell, coinciding with a tech stock decline.
- Stock market today: Dow, S&P 500, Nasdaq edge lower with rate cuts, inflation data in focus Yahoo Finance
- Stock market today: S&P 500, Nasdaq edge lower with rate cuts, inflation data in focus Yahoo Finance
- US Bonds Pare Drop on Data; Euro Falls as ECB Cuts: Markets Wrap Bloomberg
- Dow Jones Futures Fall Ahead Of More Inflation Data; Adobe Plunges On Earnings Investor's Business Daily
- Stocks Rally on Strength in Big Tech and Benign US Inflation Report Nasdaq
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