Dow, S&P 500, Nasdaq fall on bleak GDP, jobs data with Big Tech earnings on deck
The latest reading of the Fed’s preferred inflation gauge showed inflation eased in March as investors brace for an uptick in pricing pressures following the implementation of President Trump’s tariff agenda.
The core Personal Consumption Expenditures (PCE) index, which strips out the cost of food and energy and is closely watched by the Federal Reserve, came in flat over the prior month, above expectations of a 0.1% increase and slower than the revised 0.5% increase seen in February.
Core PCE was up 2.6% over the prior year in March, in line with estimates and also ahead of February’s upwardly revised 3% increase.
In the all-items measure, the price index came in flat month over month and rose 2.3% from a year ago, both roughly in…
