Stock Market Today: Markets Ease as Investors Await Fed's Next Move
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The stock market experienced a slight decline with the S&P 500 down 0.13%, Nasdaq down 0.07%, and Dow Jones down 0.27%. This pullback is attributed to investor caution regarding inflation and labor market signals ahead of the Federal Reserve's meeting. Notable stock movements included Oracle Corp. rising 1.49% due to potential ties with TikTok, while Nvidia Corp. fell 1.61% amid concerns over demand in China. Traders are anticipating a modest 25-basis-point rate cut from the Fed as inflation remains moderate and jobless claims increase.
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