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Traders work on the floor of the New York Stock Exchange (NYSE) on December 1, 2023 in New York City, USA.
Brendan McDiarmid | Reuters
Stocks were mostly flat on Wednesday as investors awaited new U.S. inflation data and earnings results.
of S&P500 Although it rose by 0.1%, Dow Jones Industrial Average Increased by 32 points (0.1%).of Nasdaq Composite It advanced by 0.2%.
cryptocurrency exchange coinbase and marathon digital Each fell more than 2% as Bitcoin prices fell. The price movement occurred on the back of a false announcement posted on the U.S. Securities and Exchange Commission’s X account that it had approved a Bitcoin ETF.
intuitive surgery and lenner led the market-wide rally, rising more than 6% and 3%, respectively. Intuitive raised its procedural growth outlook for fiscal 2024 after the market closed on Tuesday, when Lennar also announced an increase in its annual dividend.
The latest Consumer Price Index report is scheduled to be released on Thursday. A Dow Jones survey of economists predicts that the CPI will rise 3.2% in December from a year ago.
Investors will be watching this report for clues about when the US Federal Reserve will start cutting interest rates. Some of those expectations have faded in recent days, although the probability has hovered around 64%, according to CME Group’s FedWatch tool.
“This year feels like it’s over with the Fed’s pivot party. We’re potentially experiencing a bit of a hangover right now,” said Emily Rowland, co-chief investment strategist at John Hancock Investment Management.
Friday’s profits will be heated by results from major financial giants, including: JP Morgan Chase and american bankwith united health group and delta airlines.
Stocks are coming out of a mixed session.of S&P500 Although it decreased by 0.15%, Dow Jones Industrial Average It fell nearly 158 points (0.42%).of Nasdaq Composite It rose by just 0.09%. Seven of the S&P’s 11 major sectors ended with losses, with energy’s 1.6% decline leading to lower prices.
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