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Market Update: Key Events Shaping Investor Mindset

Yahoo Finance

As markets show signs of recovery following a challenging week for tech stocks, traders anticipate Apple's annual iPhone event and closely monitor inflation data. The S&P 500 faced its worst week since March 2023, while the NASDAQ suffered similar downturns due to declines in tech giants like Nvidia. Investors are also gearing up for a decisive Federal Reserve meeting next week, with inflation readings expected to influence potential rate cuts. Analysts remain cautious but optimistic, as several economic factors, including potential job losses and interest rate fluctuations, could substantially impact market trajectories. Apple's iPhone launch today is particularly significant as the company unveils new products, while Google faces its second antitrust trial this year, raising questions about the future of online advertising dominance.

Highlights

• S&P 500 had its worst week since March 2023.
• NASDAQ Composite logged its worst performance since 2022.
• Nvidia's shares fell more than 12% in the last five trading days.
• Wall Street anticipates inflation readings ahead of the Federal Reserve meeting.
• Apple's annual iPhone event is expected to unveil new models and features.
• Google's antitrust trial scrutinizes its dominance in online advertising.
• Economic data this week is critical for future rate cut decisions.
• Investors are cautiously optimistic about market rebounds.
• Tech stocks are attempting to recover from significant losses.
• Consumer and producer price index numbers to be released soon.