US stock markets ended mixed. Taken in January 2021 (2024 Reuters/Mike Segar)
NEW YORK (Reuters) – U.S. stock markets ended mixed. Investors are waiting for economic indicators such as the Consumer Price Index (CPI) to be released later this week to gauge the direction of policy US Federal Reserve futures.
While the Dow Jones industrial average fell, the S&P 500 and Nasdaq Composite continued to rise slightly.
The market is trying to measure consumer demand based on the CPI announced on the 14th and the financial results of retail companies.
In addition, weak retail sales figures for July, to be announced on the 15th, are expected to renew fears of reduced spending and the possibility of a recession.
“Retail earnings are another indicator of consumer health, especially given the recent increase in the unemployment rate,” said James Abbate, chief investment officer at Center Asset Management. “If CPI is higher than expected, it could be a big disappointment to the market.”
Declining issues outnumbered advancing issues on the New York Stock Exchange by a 1.46-to-1 ratio. On the Nasdaq, there were also many stocks with declines, with a ratio of 1.54 to 1.
This is a provisional value based on LSEG data. Changes from the previous day may not correspond to * the US stock market
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2024-08-12 21:43:00
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