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Global Markets React to US Inflation Surprise, Chinese New Year Break, and Spring Festival Holiday Market Review /
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2024-06-29 06:56:36

Global Markets React to US Inflation Surprise, Chinese New Year Break, and Spring Festival Holiday Market Review on Nostr: US Stock Markets React to Inflation Data, Political Uncertainty, and Mixed Economic ...

US Stock Markets React to Inflation Data, Political Uncertainty, and Mixed Economic Signals
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#6b553831 ver:1.06

US stock markets closed lower as investors digested inflation data and political uncertainty after the first presidential debate. Dow Jones dropped 1.7%, highlighting divergence between tech-heavy indexes and the rest of the market. Nike slumped 19.98% after forecasting a drop in revenue. Treasury yields ended higher, adding pressure on megacap stocks. S&P 500 lost 0.43%, Nasdaq lost 0.73%, and Dow Jones fell 0.14%. US inflation fell to a three-year low in May, paving the way for an interest rate cut in September. #StockMarket #Inflation #PresidentialDebate...

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