Stocks end with mixed results after latest PCE Data
Los Angeles — The U.S. stock market ended on Thursday with mixed results following the latest PCE data from the federal reserve. The latest update to the Personal Consumption Expenditures ( PCE ) index, the Fed’s preferred indicator, showed a 0.2% rise in prices on an basis in July.
This showcases the ongoing battle to curb inflation, which remains above 3% overall. The Dow Jones sank about 0.5% or 170 points to end at 34,721.91.
The S&P 500 lost 0.16% to close at 4,507.66 while the Nasdaq added 0.11%, securing a fifth consecutive winning session despite its worst monthly loss of 2023.
All three major indexes closed out a tough month posting losses while the overall year is still looking positive.
