Wall Street ends slightly lower after higher than expected inflation, jobless claims

  • Posted on October 11, 2024
  • By Business News Today
  • 2 Views
Wall Street ends slightly lower after higher than expected inflation, jobless claims

Wall Street's indexes fell as investors examined higher-than-expected inflation and jobless claims for clues on the economy and interest rates. The Dow, S&P 500, and Nasdaq recorded losses. Rising oil prices boosted energy shares, while airlines and Pfizer declined. Traders anticipate a probable Federal Reserve rate cut in November amid mixed signals from economic data.
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