Stock Market Today: The S&P 500 Reclaims the 6K Level

Stock Market Today: The S&P 500 Reclaims the 6K Level

Stocks took a breather ahead of the Thanksgiving holiday as tariff threats and a mixed reading on the Fed’s preferred inflation gauge clouded the picture for rate policy in the year ahead. Mega-cap tech stocks driving the bulk of the bull market’s gains led equities lower, hurt by disappointing results from two big PC manufacturers.

Markets failed to build on record highs by advancing for a seventh consecutive session on Wednesday, as a slew of economics reports suggested the Federal Reserve’s gradual pace of quarter-point cuts to the short-term federal funds rate may have to be rethought.

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