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US Stock Indexes Decline Amid Strong Economic Reports

share-iconPublished: Wednesday, January 08 share-iconUpdated: Wednesday, January 08 comment-icon3 months ago
News sources:
APNEWS
US Stock Indexes Decline Amid Strong Economic Reports

Credited from: APNEWS

  • US stock markets faced declines on Tuesday, with the S&P 500 dropping 1.1%. Dow Jones fell 0.4%, and Nasdaq tumbled 1.9%.
  • The declines came after better-than-expected economic reports, creating mixed sentiments amid inflation fears.
  • The strong job market and elevated business activity could delay interest rate cuts from the Federal Reserve.
  • On the week, the S&P 500, Dow, Nasdaq, and Russell 2000 registered slight declines varying between 0.5% and 0.8%.
  • While the S&P is up for the year, positive economic news has led to increased Treasury yields, impacting major tech stocks.

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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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