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Stocks Mixed Ahead of Week's Key US Inflation Data
Markets pulled back after the S&P 500 rose 3.2% and Nasdaq 5.5% in September as investors awaited the Federal Reserve's inflation report to guide upcoming rate decisions.
- Monday, investors booked profits after record sessions, pulling stocks back at the New York open while awaiting Federal Reserve remarks and the personal consumption expenditures price index.
- Investor optimism over further cuts fueled global equities in recent months after last week's 25 basis-point Federal Reserve rate cut and forecasts for more reductions before the end of 2025.
- Company announcements hit stocks as shares in Porsche plunged about eight percent after it said it will slow its shift to electric vehicles, while the Hang Seng Index fell 0.7% at 26,155.08 and the euro/dollar rose to $1.1805.
- With the September 30 deadline looming, the U.S. Senate's failure to pass a stopgap funding bill risks a shutdown that could halt non-essential operations and leave hundreds of thousands of civil servants unpaid.
- With central-bank actions and safe-haven demand, the Bank of Japan’s ETF sales steadied Tokyo, and Kathleen Brooks said gold is likely to remain well supported in the coming months.
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Stocks turn lower ahead of key US inflation data
Stocks mostly fell on Monday as investors booked profits from a record-setting streak and looked for clues to the US Federal Reserve's next interest rate move.
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Coverage Details
Total News Sources61
Leaning Left5Leaning Right11Center16Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 16%
C 50%
R 34%
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