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Markets Mixed as Tech Stocks Recover and Fed Signals Slower Rate Cuts Ahead

Markets Mixed as Tech Stocks Recover and Fed Signals Slower Rate Cuts Ahead

Key events: USA - Initial Jobless Claims The S&P 500 edged slightly higher on Wednesday, recovering from earlier losses as tech stocks found some stability following the easing of Treasury yields. The Federal Reserve's minutes from the December meeting hinted at a slower pace of rate cuts, reinforcing market caution. The Dow Jones Industrial Average climbed 94 points, or 0.2%, the S&P 500 gained 0.1%, while the NASDAQ Composite slipped by 0.1%.

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Tech Stocks Tumble as Rising Yields Spark Inflation Fears, Market Seesaws in Response

Tech Stocks Tumble as Rising Yields Spark Inflation Fears, Market Seesaws in Response

Key events: USA - ADP Nonfarm Employment Change (Dec) USA - Initial Jobless Claims USA - Crude Oil Inventories USA - 30-Year Bond Auction USA - FOMC Meeting Minutes The S&P 500 ended significantly lower on Tuesday, dragged down by tech stocks as rising Treasury yields sparked fresh concerns over persistent inflation. This dampened expectations for additional Federal Reserve rate cuts.

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