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stock market fluctuates as investors eye inflation and bond yields
Stocks are experiencing a pullback, with the Dow slightly up while the S&P 500 nears the end of the post-election rally. Investors are closely watching inflation data, with expectations for a rise in the annual CPI to 2.9% and a slight dip in the monthly core reading to 0.2%. Tech stocks are under pressure, and Macy's has projected fourth-quarter sales at the lower end of its outlook, as concerns about potential 3% inflation in 2025 linger in the bond market.
asian stocks rise ahead of federal reserve rate decision
Asian stocks mostly rose ahead of the Federal Reserve's final rate decision of the year, with Japan's Nikkei 225 slipping 0.2% despite a 3.8% increase in exports. Trading in Nissan shares was suspended after a 22% surge amid merger talks with Honda, while the Hang Seng and Shanghai Composite gained 0.6% and 0.7%, respectively. The S&P 500 is on track for a nearly 27% annual gain, as strong retail sales data raises questions about the need for further rate cuts.
asian stocks rise ahead of federal reserve rate decision
Asian stocks mostly rose ahead of the Federal Reserve's rate decision, with Japan's Nikkei 225 slipping 0.2% despite a 3.8% increase in exports. Nissan's shares surged 22% amid merger talks with Honda, while the Hang Seng and Shanghai Composite gained 0.6% and 0.7%, respectively. The Fed is expected to announce a rate cut, but strong economic data may lead to a pause in January.
stock market retreats as nvidia falters and bitcoin hits new high
U.S. stock indexes pulled back, with the S&P 500 down 0.4% and Nvidia's stock falling 1.2%, marking its eighth loss in nine days. Despite this, the S&P 500 is up nearly 27% for the year, buoyed by strong economic resilience and expectations of favorable policies from President-elect Trump. Bitcoin briefly surpassed $108,000 before retreating to around $106,500.
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