Producer Inflation Stays Elevated as Wall Street Starts Week on a Sluggish Note

Producer Inflation Stays Elevated as Wall Street Starts Week on a Sluggish Note

Wall Street Opens Lower amid‌ Hotter-than-Expected PPI data In‌ a Thursday morning session, Wall Street‍ experienced a downward⁣ trend as⁢ investors processed ⁢the latest producer price index (PPI) data for November 2024, which exceeded​ market expectations. The⁤ U.S. stock market’s initial reaction reflected concerns over inflationary pressures, ‌with key ​indices showing mixed results. The Dow … Read more

Wall Street Plays Wait and See Game Amid Inflation Concerns

Wall Street Plays Wait and See Game Amid Inflation Concerns

Amidst the market’s recent turbulence, the S&P 500 and Nasdaq, both brimming with tech giants, soared to new heights over the weekend, marking a 1% and 3.3% weekly gain, respectively. meanwhile, the Dow Jones Industrial Average (DJIA) lagged, ending the week with a 0.6% dip. Despite the broader market’s downturn,the tech-heavy S&P 500 and Nasdaq … Read more