In a session marked by uncertainty, U.S. stocks ended little changed as investors processed contrasting jobs data and speculations of a national economic emergency declaration by President-elect Donald Trump. Inflation remains a concern, with analysts wary of Trump’s potential tariff policies that could escalate price pressures.
The Federal Reserve’s recent minutes highlighted fears of stubborn inflation, as officials anticipate challenges from the upcoming Trump administration’s economic policies. Amidst market tensions, a CNN report revealed Trump could use the International Economic Emergency Powers Act to manage imports, heightening investor anxiety.
Market fluctuations were evident as 10-year yields rose, reflecting inflation concerns tied to Trump’s anticipated tariffs. Indexes showed mixed results; the Dow rose, the S&P gained slightly, while the Nasdaq fell. As traders await key employment reports, sector performances varied, influenced by geopolitical and economic dynamics.
(With inputs from agencies.)