Market Volatility Ahead of Key Inflation Data and Presidential Debate
U.S. stocks showed mixed performance as market participants brace for the upcoming consumer price index (CPI) report and a crucial presidential debate. Megacap tech stocks boosted the Nasdaq, while the Dow lagged. Investors are focused on potential Federal Reserve rate cuts and reflect on global market movements, including oil and gold prices.
U.S. stocks faced mixed results, with crude prices falling amid fears of weakening global demand. Market anticipation builds for the Labor Department's consumer price index (CPI) report and the first debate between Vice President Kamala Harris and former President Donald Trump.
China's export spike, likely in response to anticipated tariffs from U.S. trading partners, added to market tensions. Tech stocks lifted the Nasdaq, the S&P 500 saw minimal gains, while the Dow struggled.
Banks faced pressure after Federal Reserve Vice Chair Michael Barr announced significant capital plan revisions. Investors brace for more sideways or slightly negative market movements as they await key economic data and potential policy rate cuts from the Federal Reserve.
(With inputs from agencies.)
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