Stocks slipped due to news of potential antitrust action against Google and interest-rate cuts

From Yahoo Finance: 2024-10-09 05:29:40

US futures slipped due to news of potential antitrust action against Google-owner Alphabet Inc. and the Federal Reserve’s plan for gradual interest-rate cuts. S&P 500 and Nasdaq 100 contracts dropped 0.2%, while Alphabet shares fell 1.5% premarket. Boeing Co. lost 1.7% after failed negotiations to end a worker strike. In Europe, stocks remained flat, with some companies awaiting growth-boosting stimulus news. The dollar index rose for an eighth day, while New Zealand and India made rate cuts. Investors are eyeing Fed speeches, European Central Bank rate decisions, and US inflation data this week. Stocks, currencies, bonds, and commodities fluctuated in the market.



Read more at Yahoo Finance: Stocks Slip on Google Breakup Risk, Rates Outlook: Markets Wrap