Stock market today: S&P 500, Dow futures slip as inflation report looms
Published On Sep 10, 2024, 7:03 AM
US stocks had a mixed day, with the S&P 500 and Nasdaq both closing up slightly, while the Dow finished down due to a drop in JPMorgan Chase's shares after the bank forecasted lower net interest income. Oil prices fell sharply after OPEC downgraded its demand growth forecasts for the coming years. Upcoming inflation reports are keeping investors cautious, as they will influence the Federal Reserve's interest rate decisions. Key earnings reports are also on the horizon, indicating that while short-term volatility is prevalent, there's a potential for growth in the longer term.