Wall Street slips as inflation runs hot before Nvidia earnings

thestandard.com.hk

Wall Street's main indexes closed slightly lower Wednesday after U.S. inflation data came in hotter than expected, with investors cautious ahead of Nvidia's earnings report. Annual inflation rose 3.7% in July, above expectations, while second-quarter GDP grew 1.5%. The data complicates the Federal Reserve's policy outlook ahead of Chair Kevin Warsh's Jackson Hole speech Friday, with September hike odds at 38.1%. The Dow fell 0.21%, the S&P 500 lost 0.02%, and the Nasdaq dropped 0.08%. Nvidia shares declined 1.6% pre-earnings, while healthcare lagged and Meta gained on a settlement.


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