Markets are waiting for september inflation data, a key data point ahead of the fed's next move. What we see at the moment is a market that's running extremely hard, he told yahoo finance on tuesday Stock indexes reversed gains from earlier in the day to close lower on thursday, as volatile trading in the first session of the new year pushed the market to its fifth consecutive loss.
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Indexes rallied thursday, with tech stocks leading the nasdaq to rise 2.5% as investors continued to digest wednesday's jumbo rate cut from the fed.
Stock indexes reversed gains from earlier in the day to close lower on tuesday as a fresh set of economic data triggered a bout of inflation fears, clouding rate cut views.
