S&P 500 and Nasdaq 100 Face Caution After PPI Release and Key Technical Hurdles
Friday, 13 September 2024, 04:50
S&P 500 and Nasdaq 100 Under Pressure
The S&P 500 and Nasdaq 100 are experiencing cautious movements in light of a hot Core PPI report. The financial markets are reacting to this recent data, leading to uncertainty among investors. Following the previous day's rally, these indexes are now stalled as traders reassess their positions.
Market Reactions
- Wall Street indexes paused after a significant rally.
- Core PPI figures exceeded expectations, influencing investor sentiment.
- Moderna shares fell dramatically by 17.8% due to lower sales projections.
Technical Challenges
Analysts are identifying key technical hurdles that the S&P 500 and Nasdaq 100 must overcome to regain upward momentum. These technical factors will play a critical role in determining the future trajectory of these indexes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.