U.S. stocks fell Wednesday as economic data indicated slower progress in taming inflation.

U.S. stocks closed lower on Wednesday, with the Dow Jones down 0.31%, the S&P 500 dropping 0.38%, and the Nasdaq down 0.60%. The decline followed economic data suggesting slower progress in curbing inflation, with the Fed's preferred gauge showing a 0.3% monthly increase. Nvidia shares fell after its earnings report, and Dell led declines with disappointing Q4 guidance. The U.S. economy grew at a 2.8% annualized rate in Q3, while jobless claims slightly declined to 213,000.

November 27, 2024
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