#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto
To get the latest market news check out finance.yahoo.com
Stocks slipped Monday as investors geared up for a key US inflation reading and a week packed with potential insight on how consumers are holding up in the face of high borrowing costs.
The tech-heavy Nasdaq Composite (^IXIC) led the early morning declines, down about 0.4% after US indexes rebounded Friday to close out a second week of gains.
The benchmark S&P 500 (^GSPC) fell roughly 0.3%, while the Dow Jones Industrial Average (^DJI) shed about 0.2%, or approximately 50 points.
Front of mind is the October Consumer Price Index report due Tuesday, a key input for the Federal Reserve in its interest-rate decisions. Several Fed officials' comments last week kept the door open for more rate hikes, dampening the optimism for an easing in tightening that has helped buoy stocks.
Adding to the cautious tone were concerns about the US government's finances, after Moody's changed its outlook on its debt to "negative" from "stable" and as another shutdown deadline looms on Friday. Lawmakers lack the will to resolve the fiscal crisis, as the debt situation is made worse by high interest rates, former Fed official Bill Dudley warned.
https://finance.yahoo.com/news/stock-...
