 "NYSE")
The S&P 500 and the Nasdaq struggled for direction on Thursday as worries that Federal Reserve policy tightening could trigger a recession hurt sentiment ahead of the start of earnings season, while a rise in Boeing kept the Dow afloat.
Focus is now on inflation data on Wednesday that is expected to show U.S. consumer prices rose 8.8% in June from a year earlier, marking a fresh four-decade high and adding more pressure on the Fed to tame soaring prices.
Analysts are also tempering their profit estimates as the earnings season kicks off in earnest this week, with results from JPMorgan Chase
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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