Stocks finish slightly lower as bond yields rise, markets await US consumer price report

From Nasdaq: 2024-04-08 18:18:18

Stock indexes closed slightly lower with S&P 500 down -0.04%, Dow Jones down -0.03%, and Nasdaq 100 down -0.05%. Markets await US consumer price report, while expecting reduced chances of Fed rate cuts. Tesla and Ducommun shares rose on positive corporate news. Interest rates rose on strong US economic data. Overseas stock markets were mixed. Paramount Global, Kroger, and Lamb Weston Holdings were among the top stock movers. German industrial production and trade data were mixed. Nike, Perion Network, and GE Vernova were among the top gainers and losers. Real estate stocks rallied after Blackstone’s acquisition offer for AIR Communities. Earnings reports are expected from Aehr Test Systems, PriceSmart Inc, and more on April 9, 2024.



Read more at Nasdaq: Stocks Finish Modestly Lower Due to Rising Bond Yields