US stock futures dip as investors await PCE inflation data, fearing high interest rates

From Investing.com: 2024-05-26 20:09:28

U.S. stock index futures dip amid fears of high interest rates, await PCE inflation data. S&P 500 down 0.1%, Nasdaq falls 0.2%, Dow drops 0.1% in evening trading. Trading volumes low ahead of Memorial Day holiday.

PCE inflation data due this Friday, expected to show cooling in personal spending. Fed warnings of sticky inflation delaying rate cuts prompts investors to price out September rate cut expectations. Investors now anticipate steady rates in September.

Wall Street indexes hit record highs on positive earnings, NVIDIA’s performance. Nasdaq sees record high close, tech-heavy index gains. S&P 500 ends week flat, Dow falls over 2%. Mixed performance for other stock sectors. Nasdaq closes at record high, Dow remains steady.



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