From Nasdaq:

– U.S. stocks fell slightly as investors awaited a key inflation report on Wednesday, with expectations for a 0.3% increase in prices in January according to the Fed’s preferred gauge.

– Recent data showing higher inflation rates has led to a dialing back of expectations for an interest rate cut from the Fed, causing some market uncertainty.

– US GDP is strong but may be slowing in early 2024, with additional reports on jobless claims and manufacturing activity expected to influence interest rate decisions.

– Some Fed officials are cautious about making policy changes, emphasizing the need to assess data thoroughly to meet employment and price stability goals.

– Stock performance was mixed, with healthcare conglomerate UnitedHealth and semiconductor supplier Applied Materials facing challenges, while Beyond Meat and Coinbase experienced gains.

– Marathon Digital also climbed as bitcoin prices surged past $61,000, with a higher number of declining issues compared to advancers on both the NYSE and Nasdaq.



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