Stock market fluctuates due to higher than expected inflation, causing concern among investors

From Google: 2024-10-10 12:30:37

The stock market saw fluctuations today as the Dow and S&P 500 reacted to a higher-than-expected inflation report. The consumer price index rose by 0.6% in January, surpassing the estimated 0.4% increase. This news caused concern among investors, leading to some indecision in the market. Tech stocks were particularly affected by the news, with the Nasdaq dropping by 0.34%. Overall, the market performance was mixed, as investors digested the new data and its potential impact on future monetary policy decisions by the Federal Reserve.



Read more at Google: Stock market today: Dow, S&P 500 waver after hotter-than-expected inflation print – Yahoo Finance