US Edition
Stocks Slip as Wall Street Braces for Inflation Update
NEW YORK, UNITED STATES, AUG 11 – Investors remain cautious ahead of July inflation data that may shape Federal Reserve interest rate decisions, with the S&P 500 just below its record high, analysts say.
- On Monday, U.S. stocks drifted around record heights as Wall Street waits for an upcoming inflation update, with the S&P 500 falling 0.1% just below its peak.
- On Tuesday, the U.S. government will release the consumer price index report, with economists forecasting a 2.8% inflation rise for July.
- By mid-afternoon, the Dow was down 171 points, or 0.4%, while Nvidia added 0.2% and AMD climbed 0.7%.
- On the losing side of Wall Street, C3.ai warned it may report an operating loss as large as $124.9 million for its first quarter and saw its stock tumble 25%.
- Looking ahead, Tuesday's consumer price index update could guide the Federal Reserve's decision, as Chair Jerome Powell said he will await more data before the next move.
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21 Articles
21 Articles
Coverage Details
Total News Sources21
Leaning Left3Leaning Right4Center9Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 19%
C 56%
R 25%
Factuality
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