Dow, S&P, Nasdaq mixed after October consumer inflation bolsters December rate-cut bets – Seeking Alpha

The Dow, S&P, and Nasdaq experienced a mixed day of trading following the release of October consumer inflation data, which has increased expectations for a rate cut in December. The market reacted differently to the news, with some investors betting on a rate cut while others remained cautious. This uncertainty led to a varied performance among the major indices. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all saw different movements as a result of the inflation report. Investors will continue to monitor economic indicators closely as they assess the likelihood of a rate cut by the Federal Reserve in December.