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"Stock Market Futures Stall as Investors Await Key Inflation Data
Stock market futures for the Dow, S&P 500, and Nasdaq took a breather on Tuesday as investors braced for the upcoming consumer inflation report. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all paused their recent rallies, with futures indicating a cautious start to trading.
Market analysts are closely watching Wednesday's Consumer Price Index (CPI) data, which could influence the Federal Reserve's final interest rate decision of the year. Expectations are high for a quarter-point rate cut on December 18, but the CPI report will be a critical factor in confirming or adjusting those expectations.
In other news, Nvidia's stock took a hit after Chinese regulators announced an antitrust probe into the company, causing a ripple effect across the tech sector. Meanwhile, US-listed Chinese stocks saw gains following Beijing's announcement of new stimulus measures.
As the year-end approaches, investors remain cautious, balancing the potential for a Santa rally with geopolitical uncertainties and economic data points.
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