Nasdaq 100 Falls as Hot PCE Inflation Stirs Rate-Hike Bets: Stock Market Today
Nasdaq 100 falls 0.6% as traders wait on Nvidia and hot July PCE revives September rate-hike bets. Energy leads, gold sinks 1.3% to $4,599.
When inflation numbers come in hot, people worry the Federal Reserve might raise interest rates, which can make stock prices go down because borrowing money gets more expensive. Watch how companies talk about their costs and profits—higher rates make it harder for businesses to grow fast.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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