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Wall Street closes down as tech stocks fall


Published on 2024-12-09 19:01:28 - Reuters
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  • Wall Street's main indexes closed lower on Monday, driven by a drop in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set for later this week.

The article from Reuters discusses the current state of U.S. stock futures, which remained steady as investors awaited key inflation data that could influence the Federal Reserve's interest rate decisions. The market's attention is particularly focused on the upcoming U.S. consumer price index (CPI) report for November, expected to show a slight decrease in the annual inflation rate to 3.1% from 3.2%. This data is crucial as it might affect expectations for monetary policy, with investors looking for signs that inflation is cooling enough for the Fed to consider rate cuts. Additionally, the article mentions that despite a recent rally in stocks, there's a cautious approach among investors due to uncertainties about the timing and extent of potential rate adjustments. The piece also touches on other economic indicators like the producer price index (PPI) and comments from Fed officials, which could further shape market expectations.

Read the Full Reuters Article at:
[ https://www.reuters.com/markets/us/futures-steady-investor-focus-turns-inflation-data-2024-12-09/ ]