US Stocks Decline Amid Persistent Inflation Concerns
TL;DR Summary
US stocks declined as the Federal Reserve's preferred inflation measure remained high, raising concerns about future rate cuts. Despite resilient consumer spending, September's historical volatility and upcoming jobs report are causing caution among investors. Notable stock movements include Dell and Marvell falling after earnings misses, while Alibaba and Petco rose on positive news. Investors are closely watching economic indicators for signs of a shift in the labor market and inflation trends.
- US Stocks Slip as Fed’s Preferred Inflation Gauge Remains Sticky Bloomberg.com
- Stock market today: Dow, S&P 500, Nasdaq fall from records after PCE inflation data Yahoo Finance
- Wall Street slips as inflation data fans tariff concerns Reuters
- S&P 500 retreats from record Friday, but heads for 4th winning month in a row: Live updates CNBC
- Stock Market Today: Dow Falls; Cook Hearing Is On; Inflation Holds Above Target — Live Updates The Wall Street Journal
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