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US Stocks Dip Ahead Of Inflation Data

Posted on AllSides June 11th, 2024
From The Center

Wall Street stocks dipped early Tuesday as markets took a cautious approach ahead of a Federal Reserve decision and key US consumer pricing data. After a big advance by Nvidia and some other big tech names so far in 2024, "market participants are anticipating a possible consolidation period," said analyst Patrick O'Hare. Wednesday's Fed decision and consumer price index data "has market participants in a wait-and-see mode since both will fuel expectations about the path of monetary policy," he said. About 15 minutes into trading, the Dow Jones Industrial...

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