Stock market today: Indexes end lower as tech slips and bond yields rise after PPI

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[ Sun, Dec 15th 2024 ]: Firstpost

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[ Fri, Dec 13th 2024 ]: CBS News

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[ Fri, Dec 13th 2024 ]: businesslive.co.za

Nedbank CIB backs DRDGold with R2bn for mining expansion

Thu, December 12, 2024

[ Thu, Dec 12th 2024 ]: NDTV

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[ Thu, Dec 12th 2024 ]: Indiatimes

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[ Thu, Dec 12th 2024 ]: The Hill

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[ Thu, Dec 12th 2024 ]: businesstech.co.za

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Albertsons calls off merger and sues Kroger

Stock market today: Indexes end lower as tech slips and bond yields rise after PPI

//business-finance.news-articles.net/content/202 .. s-tech-slips-and-bond-yields-rise-after-ppi.html

Published in Business and Finance on Friday, December 13th 2024 at 8:40 GMT by Business Insider
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Indexes dropped after wholesale inflation data. Adobe's sharp decline after earnings weighed on the Nasdaq, while Nvidia and Tesla shares also ended lower.

The article from Business Insider discusses the recent trends in the U.S. stock market, focusing on the impact of wholesale inflation data. Producer prices in November rose by 0.9% year-over-year, which was lower than the expected 1% increase, signaling a cooling in inflation pressures. This news led to a positive reaction in the stock market, with tech stocks like Nvidia, AMD, and Microsoft experiencing significant gains. The S&P 500 and Nasdaq both saw increases, with the S&P 500 up by 0.5% and Nasdaq by 0.7%. The article also mentions that despite the positive market response, there are concerns about the Federal Reserve's future interest rate decisions, as the PPI data might influence their policy. Additionally, the market's reaction was influenced by broader economic indicators, including a slight uptick in consumer sentiment and expectations of a potential rate cut in 2024.

Read the Full Business Insider Article at:
[ https://markets.businessinsider.com/news/stocks/stock-market-today-wholesale-inflation-producer-prices-tech-stocks-ppi-2024-12 ]

Publication Contributing Sources