Two major benchmark indexes slipped marginally yesterday, with investors preparing for a busy week of inflation data. The S&P 500 and Nasdaq Composite fell 0.1% each to close the last trading session at 4,140.06 and 12,644.46, respectively. However, the Dow Jones Industrial Average was up marginally to close at 32,832.54.
The red-hot July jobs report has raised the possibility of a higher interest rate increase in the Fed’s next meeting. Therefore, investors might want to wait for a better indication on that front. Overall, the market is expected to remain under pressure in the near term.
