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Stock market today: Stocks wobble as S&P 500, Nasdaq try to build on records [Yahoo! Finance Canada]
Last tesla, inc. earnings: 4/29 04:11 pm
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The S&P 500 ( ^GSPC ) hugged the flatline, while the tech-heavy Nasdaq Composite ( ^IXIC ) was up 0.1% after each index notched its latest record on Friday. The Dow Jones Industrial Average ( ^DJI ) erased earlier session gains to slip 0.2%. The S&P and Nasdaq are looking to build on records secured in the wake of Friday's jobs report , which signaled continued cooling in the labor market. That prompted an influx of bets on a September rate cut from the Federal Reserve. About 3 in 4 traders expect a cut in September, according to the CME FedWatch tool Several events this week could add to that growing rate-cut momentum. Fed Chair Jerome Powell is set to appear in Congress for semiannual testimony on Tuesday and Wednesday. Then comes the latest Consumer Price Index print, set for release on Thursday. Economists expect headline inflation rose 3.1% over the last year, which would match the lows where the CPI started the year. ADVERTISEMENT In other market-moving events, a left-w
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