Stock market today: Dow slides, Nasdaq pops in countdown to consumer inflation data

Published On Dec 10, 2024, 9:44 AM

The stock market showed mixed signals as investors awaited a crucial consumer inflation report, which is pivotal for interest rate decisions. The Dow Jones Industrial Average decreased by approximately 0.3%, while the S&P 500 remained stable and the Nasdaq Composite increased by over 0.3%. Notable stock movements included Alphabet (GOOGL) shares surging about 5% after announcing advancements in quantum computing, while Oracle (ORCL) shares fell around 8% due to disappointing quarterly revenue. Taiwan Semiconductor Manufacturing Co. (TSM) reported a year-on-year revenue rise, indicating strong AI demand, but this was accompanied by a month-over-month decline.