"Inflation Concerns Drive Stock Market Retreat on Wall Street"
TL;DR Summary
Stocks retreated on Friday as investors weighed the impact of hot inflation on the Federal Reserve's policy decision next week, with the S&P 500, Dow Jones, and Nasdaq all posting losses. Concerns about "sticky" inflation undermining the case for rate cuts persisted, while bitcoin pulled back from its record high and crypto-related stocks lost ground. Adobe shares fell after a downbeat sales forecast, and Nvidia's upcoming GTC event is anticipated to be a significant stock price-moving event.
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- Wall Street slips as inflationary jitters persist Reuters
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