US Stocks: S&P 500 ends down as hot US inflation data hints at fewer rate cuts
- Posted on February 13, 2025
- By Financial Express
- 1 Views
US Stocks: S&P 500 ends down as hot US inflation data hints at fewer rate cuts
The S&P 500 fell due to higher US inflation, sparking worries about Fed rate cuts. CVS Health and Gilead Sciences saw gains from positive quarterly reports, while Nvidia and Amazon declined, affecting the index. Trump’s tariffs could impact inflation. Fed Chair Powell stresses no urgency to cut rates.
