S&P 500 ends lower as investors await key inflation data and Fed announcements

From Investing.com: 2024-09-25 16:07:10

The S&P 500 dipped as investors awaited key inflation data after hitting record highs from the Fed’s interest rate cut. Powell’s address and PCE data are in focus as more rate cuts are anticipated, with the Fed already cutting rates by 50 basis points. Housing market concerns rise as new home sales increase less than expected. Nvidia stock climbs as CEO stops selling shares, while Meta Platforms unveils AR glasses and AI updates. Flutter Entertainment jumps on buyback plans, while Stitch Fix slumps on weak outlook despite narrower Q4 loss.



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