US Stocks Finish Mixed as Market Digests Inflation Data
On Thursday, US stocks saw their gains trimmed as the market assessed two key pieces of inflation data released this week. The three major stock indexes ended the day with mixed results, accompanied by relatively light trading volume. As November reaches its midpoint, the S&P 500 Index has climbed more than 7% this month, the Dow has seen a gain of over 5%, and the Nasdaq has surged by 9%.
Bank of America has projected that the Federal Reserve will initiate interest rate cuts starting in June 2024, with subsequent cuts occurring once a quarter. Additionally, many market participants hold the belief that economic data could serve as a pivotal catalyst for a year-end rebound.
Copyright Notice:
This content is the original work of China Business News, and all copyright belongs to China Business News. Any unauthorized use, including reproduction, extraction, copying, or mirroring, is strictly prohibited without the written authorization of China Business News. China Business Network reserves the right to pursue legal action against violators. For authorization inquiries, please contact the Yicai Copyright Department at 021-22002972 or 021-22002335, or email banquan@yicai.com.
US stocks pared their gains on Thursday as the market weighed two pieces of inflation data released this week, with the three major stock indexes ending mixed, with relatively light trading volume. Now that November is already halfway through, the S&P 500 Index is up more than 7% this month, the Dow is up more than 5%, and the Nasdaq is up 9%. Bank of America expects the Federal Reserve to begin cutting interest rates in June 2024 and cut interest rates once a quarter. At the same time, many market participants believe that economic data could continue to be a key catalyst for the year-end rebound.
This content is original to China Business News, and the copyright belongs to China Business News. Without the written authorization of China Business News, it may not be used in any way, including reprinting, extracting, copying or mirroring. China Business Network reserves the right to pursue legal liability against offenders. If you need authorization, please contact the Yicai Copyright Department: 021-22002972 or 021-22002335; banquan@yicai.com.
#stocks #closed #mixed #Thursday #light #trading #volume
