Warsh inflation warning weighs on US stocks

Reuters · 2小时前
  • Wall Street ended lower after Warsh reiterated that the Federal Reserve has more work to do on inflation, raising expectations for tighter policy.
  • The Dow fell 0.02%, the S&P 500 declined 0.25%, and the Nasdaq dropped 0.52%, although all three indexes posted weekly gains.
  • PayPal slumped after a report that a consortium abandoned its takeover pursuit, while Gap rose after Old Navy leadership changes and a higher annual profit outlook.