S&P 500 Dips, Nasdaq Rises on Moderate Inflation Data — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- S&P 500 dipped while the Nasdaq moved higher after data showed a moderate rise in US inflation, with the two benchmarks splitting direction on the same headline.
- Fed's favored inflation measure came in cooler than expected, which the source says 'tamps down on urgency for rate hikes.'
- Markets are 'shrugging off a volatile September' and shuffling into Q4, per the Reuters Trading Day commentary headline.
Why it matters: A cooler-than-expected reading on the Fed's preferred inflation gauge reduces the case for additional rate hikes that markets had been bracing for. The S&P 500-Nasdaq split on the same headline signals selective sector rotation rather than a broad risk-off move, letting investors close out September without forced de-risking.
Ask SkimNews
