Investors will get closely watched
“There’s a sense of every man for himself ahead of the
The Labor Department’s release of the consumer price index comes shortly before a meeting next week of the
Trading has been relatively constrained this week, with investors parsing any data to judge whether rising inflation will be temporary, as the
On Wednesday, a slide in banks and industrial companies nudged stocks on
The S&P 500 slipped 0.2% to 4,219.55, erasing its meager gain from a day earlier. The benchmark index's modest moves this week have it on track for its first weekly loss in three weeks. The Dow Jones Industrial Average gave up 0.4% to 34,447.14, while the Nasdaq held up somewhat better, ending down just 0.1% at 13,911.75.
The tech-heavy index was lifted by the same Big Tech companies that have pushed it generally higher for the last 18 months.
Small company stocks, which have outgained the broader market this year, also fell. The Russell 2000 index gave up 0.7% to 2,327.13.
Elsewhere in the market, volatility in stocks embraced by investors using online forums like Reddit continued.
The original “meme” stock,
In other trading,
Brent crude, the international standard, gave up
AP Business Writers