In This Article:
US stocks (^DJI,^GSPC, ^IXIC) are trading lower, erasing gains from earlier in the day after new economic data raises concerns about a hawkish Federal Reserve. Alexandra Canal breaks down what investors need to know on Wealth.
The Institute for Supply Management (ISM) reported that prices paid by manufacturers jumped to a nearly 2-year high as fresh Job Openings and Labor Turnover Survey (JOLTS) data pointed to a cooling labor market.
Meta (META) is ending its fact-checking efforts and adding UFC CEO Dana White to the company's board.
Nvidia (NVDA) is in focus as the chipmaker's stock pulls back from all-time highs following CEO Jensen Huang's CES keynote.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Naomi Buchanan.