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progree

(12,316 posts)

7. Stock market today: Dow, S&P 500, Nasdaq slide as Nvidia leads tech losses after PCE inflation, consumer data

Fri Aug 29, 2025, 02:10 PM

Aug 29

Yahoo Finance
https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-slide-as-nvidia-leads-tech-losses-after-pce-inflation-consumer-data-133800572.html

US stocks fell from record highs on Friday as Wall Street digested an update on consumer inflation that showed prices firming higher above the Fed's target in July.

. . . Meanwhile, US consumer sentiment declined to a three-month low as consumers in a University of Michigan survey suggested they expect inflation to surge over the next year.

. . . Bets that the Fed will ease rates at its September meeting were still riding high Friday, and traders were pricing in an 87% chance of a quarter-point cut following the PCE reading.

At the moment (2:10 PM ET) the S&P 500 is down 0.66%, Dow down 111 points (-0.24%), NASDAQ down 1.15% so not a "market crashes as decades of gains turns to dust" story.

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Core inflation rose to 2.9% in July, as expected, key Fed measure shows [View all] BumRushDaShow Aug 29 OP

No surprise here. His tariffs will send the US into the second great depression Bengus81 Aug 29 #1

That's one way to lower prices IronLionZion Aug 29 #3

My uneducated guess is that will seem low by spring 2026 bucolic_frolic Aug 29 #2

Graphs 3 month rolling average and month by month. progree Aug 29 #4

I'm not trusting a damn thing the Fed's say republianmushroom Aug 29 #5

How come everything I need to buy is 20% above where it was a year ago? Bluetus Aug 29 #6

Stock market today: Dow, S&P 500, Nasdaq slide as Nvidia leads tech losses after PCE inflation, consumer data progree Aug 29 #7