Wall St Rises as Investors Await Inflation Data, Fed Cuts

Posted on AllSides September 9th, 2024
From The Right

Wall Street's three major indexes closed higher Monday as investors looked for bargains after the previous week's sell-off while they also waited for inflation reports in coming days and the Federal Reserve's next policy decision next week. Investors had fled from equities last week when Friday's weaker-than-expected August jobs data followed weak manufacturing data on Tuesday, driving the Nasdaq Composite's biggest weekly loss since January 2022, and the S&P 500's biggest weekly decline since March 2023. Along with jitters about the U.S. economy's health investors have been contending with uncertainty...

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https://newsmax.com/finance/streettalk/financial-markets-fed-inflation/2024/09/09/id/1179652

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