US Stocks Extend Losses as Inflation Data Awaited
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#8afcba45 ver:0.58
US stocks extended their losses for a third straight session on Tuesday. The Dow Jones Industrial Average fell 31.31 points, or 0.08%, to close at 39,282.33. The S&P 500 lost 14.61 points, or 0.28%, finishing at 5,203.58, while the Nasdaq Composite slid 68.77 points, or 0.42%, to settle at 16,315.70. The market's focus remains on the upcoming release of the Personal Consumption Expenditures Price Index (PCE), the Federal Reserve's preferred inflation gauge. The data is expected to be published on Friday, which is a public holiday in the US. Economists anticipate that the index will show a 0.4% increase in February and a 2.5% annual rise. Core inflation, which excludes volatile food and energy components, is projected to have advanced 0.3% last month, maintaining an annual pace of 2.8%. Des...
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