Wall St little-changed as investors assess inflation path

Quick Summary:

US stocks ended little-changed on Wednesday in a session they struggled for a clear direction, as investors digested the impact of two conflicting sets of jobs data and a report that said President-elect Donald Trump was mulling a national economic emergency declaration on inflation.

Quantum-computing stocks Rigetti Computing and IonQ plunged over 40%, while Quantum Computing was down 39% after Nvidia boss Jensen Huang said computers based on the emerging technology are as much as 30 years away.

There are lots of things that potentially have the risk to shift inflation back upward," said Charlie Ripley, senior investment strategist for Allianz Investment Management.

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Category: EconomyBusiness

Markets: Malaysia

Topics: TariffPolicy JobData Markets InflationConcerns MarketVolatility FedMinutes EconomicEmergency /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 07:10:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 688 words

Reading Time: 4 minutes read

Sentences: 26 lines

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Copyright Owner: © The Star

News ID: 24987225

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