VWO - Asia Mixed European Markets Rally While Gold Hits $2400 Again - Global Markets Today While US Slept | Benzinga
On Thursday, July 11th, the U.S. stock markets closed mixed. The Nasdaq ended sharply lower, with Nvidia, Apple, and Tesla falling as investors shifted to smaller companies following softer inflation data, which increased expectations of a September Fed rate cut.
According to economic data, the U.S. Consumer Price Index slowed more than anticipated in June. Year-over-year, headline CPI inflation decreased from 3.3% in May 2024 to 3% in June 2024, falling short of the 3.1% forecasted by economists.
All sectors of the S&P 500 closed positively, with real estate, utilities, and materials leading gains, while IT and communication services stocks fell.
The Dow Jones Industrial Average was up 0.08% and closed at 39,753.75. The S&P 500 declined 0.88%, ending the day at 5,584.54, while the Nasdaq Composite fell 1.92%, finishing the ...