HomeFinancial MarketsU.S. Stocks Cool Amid Investor Anxiety Over CPI

U.S. Stocks Cool Amid Investor Anxiety Over CPI

Stocks on the New York Stock Exchange started the week lower as investors turned their attention to the latest Consumer Price Index report later in the week. Equities were lower after the release of February’s jobs report, with hiring remaining strong as the unemployment rate remained unchanged from the previous month.

Equities on the benchmark S&P 500 slipped by 0.3%, as did those listed on the tech-heavy Nasdaq Composite. Stocks listed on the Dow Jones Industrial Average were also down 0.3%. This comes after tech stocks declined on Friday.

Due on Tuesday, the Consumer Price Index is expected to shed more light on the trajectory of the Federal Reserve’s fiscal policy. Last week, Fed Chair Jerome Powell expressed during his testimony before Congress that the central bank is looking for confident signs that inflation is cooling before introducing the prospect of interest rate cuts.

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