Wall Street slips on hot inflation data before Nvidia earnings

thestar.com.my

Wall Street's main indices closed slightly lower Wednesday after US inflation rose 3.7% annually, above expectations, while investors awaited Nvidia's earnings. The Commerce Department report also showed 1.5% second-quarter economic growth, complicating the Federal Reserve's policy outlook. Fed chair Kevin Warsh's Friday Jackson Hole speech is now a key focus, with September rate hike odds at 38.1%. The Dow fell 0.21%, S&P 500 lost 0.02%, and Nasdaq dropped 0.08%. Nvidia shares declined 1.6% pre-results, while healthcare lagged and Meta gained on a settlement.


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