Wall Street declines ahead of inflation data

Economies.com
2024-02-27 18:19PM UTC

US stock indices declined on Tuesday ahead of crucial US inflation data this week, important for gauging the likely path ahead for Fed’s policies. 

 

Recent government data showed US durable goods orders fell by 6.1% in January, while housing prices rose for the 11th month in a row.

 

Later this week, important US personal consumption data will be released, considered the Fed’s favorite measure of inflation. 

 

On trading, Dow Jones fell 0.4%, or 160 points as of 17:59 GMT to 38,909, while S&P 500 fell 0.1%, or 5 points to 5,064, as NASDAQ stabilized at 15,977. 

American Markets News

Americas News

Markets

US stock indices edge lower, but Dow Jones ekes out gains
2024-04-16 15:00PM UTC
Most US stock indices lost ground on Tuesday with the exception of Dow Jones, amid a constant flux ...
Americas News

Markets

Wall Street climbs after positive data
2024-04-15 16:05PM UTC
US stock indices rose on Monday following strong retail sales data and earnings results by Goldman ...
Americas News

Markets

Wall Street collapses, Dow Jones slides below 38,000
2024-04-12 18:12PM UTC
US stock indices fell on Friday as markets assess latest inflation data released this ...