Fed meeting, Nvidia selloff, November retail sales: 3 Things
In This Article:
US stock futures (ES=F, NQ=F, YM=F) recede Tuesday morning as the Federal Reserve begins its two-day December policy meeting today, where it is expected to announce another 25 basis point cut to interest rates tomorrow.
Nvidia (NVDA) pulls back even more as its stock tumbles below a $130 share price, entering correction territory as the chip stock falls 11% since its record high above $148 on November 7.
November retail sales data came out higher than economists expected with sales rising 0.7% month-over-month, bolstered by Cyber Week promotions.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Luke Carberry Mogan.
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