Overview
The U.S. stock market today showed mixed results as concerns over weak retail sales and AI's potential threats led to fluctuations. Key indices ended with variations amidst pressure on consumer spending and the financial sector.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
- Weak retail sales data suggested that the initial consumer spending increase during the early holiday season was temporary, indicating American households are still burdened by high living costs.
- The announcement of new AI-driven financial tools negatively impacted major financial stocks. Shares of leading financial firms saw declines due to this emerging risk factor.
- Federal Reserve Presidents of Cleveland and Dallas suggested that economic indicators might sustain current economic conditions, sharing their outlooks on rate and inflation expectations.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 21:00 | U.S. MBA Mortgage Applications |
| 22:30 | U.S. Nonfarm Payrolls |
| 22:30 | U.S. Unemployment Rate |
| 24:00 | Fed Chair's Public Speech |
| 24:15 | Fed Vice Chair's Public Speech |
| 24:30 | U.S. EIA Crude Oil Stocks Change |
| 03:00 | U.S. 10-Year Treasury Note Auction |
General Opinion
The weak retail sales and threats from AI technologies are raising market volatility. Upcoming economic indicators, particularly employment reports and consumer price index data, might significantly impact the market. Investors are trying to balance concerns between slowdown growth and inflation fears.
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