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Wall Street little changed as investors assess inflation path


Published on 2025-01-08 21:41:01 - Reuters
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  • U.S. stocks ended little changed on Wednesday in a session they struggled for a clear direction, as investors digested the impact of two conflicting sets of jobs data and a report that said President-elect Donald Trump was mulling a national economic emergency declaration on inflation.

U.S. stock index futures edged higher on January 8, 2025, following a significant sell-off on Wall Street, as investors awaited key economic data releases that could influence the Federal Reserve's interest rate decisions. The market was particularly focused on upcoming reports like the consumer price index (CPI) and producer price index (PPI), which could provide insights into inflation trends. This anticipation came after a volatile trading session where the S&P 500 and Nasdaq experienced their worst day since September, driven by concerns over potential rate hikes and economic slowdown signals. Additionally, the market was digesting comments from Federal Reserve officials, with some indicating a cautious approach to rate adjustments, while others hinted at the possibility of further rate increases to combat inflation. The tech sector, which had been a significant driver of market performance, saw declines, contributing to the broader market's downturn.

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[ https://www.reuters.com/markets/us/futures-edge-up-after-wall-st-selloff-economic-data-awaited-2025-01-08/ ]