With the expectation of a slight increase in inflation, the report could have a significant impact on monetary policy decisions, especially in a context where the economy and the market face a slowdown in technological gains.
Stocks fall again this Tuesday on Wall Streetas investors digest a year-end rally to record levels, awaiting the n new US inflation data which will be published this Wednesday.
The S&P 500 lost 0.1%, and the Dow Jones Industrial Average lost 0.3%. The Nasdaq Composite advances almost 0.4%.
Oracle Shares Drop More Than 8% After the Database Software Company Released Fiscal Second-Quarter Results That Missed Wall Street Estimates. The stock is up about 66% this year.
Wall Street: Christmas rally on pause
The main indices fell on Monday. The S&P 500 and Nasdaq Composite fell about 0.6%, moving away from recent record levels, as Nvidia shares fell. Those moves sent stocks off record levels.
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“We’ve heard that tech trading has been dead on and off for five years, but there hasn’t been a better place to be,” said Nancy Tengler, CEO of Laffer Tengler Investments. “Yes, the market is diversifying and that is good, but without technology, the market and the economy struggle.”
Investors now await US consumer price index report., which will be published on Wednesday and could influence the Federal Reserve’s decision on interest rates at its meeting on December 17-18. Economists surveyed by Dow Jones forecast headline inflation rose 0.3% in November and 2.7% over the past 12 months.
Source: Ambito
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