Wall Street slips as inflation stays high, oil drops

channelnewsasia.com

Wall Street stocks closed lower Wednesday as US inflation remained elevated, with the S&P 500 flat and the Dow down 0.2 percent. The personal consumption expenditures price index rose 3.7 percent annually in July, matching June's rate and staying near three-year highs, prompting cautious trading ahead of Nvidia's earnings and a Federal Reserve speech. European markets gained on falling oil prices, while investors await the Jackson Hole symposium and Nvidia's results to gauge AI investment returns.


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