Stock market today: Sell-off continues as markets digest new data, brace for PCE

Published on 30 May 2024 on Business Insider via Yahoo Finance

Stock market today: Sell-off continues as markets digest new data, brace for PCE

Angela Weiss/AFP via Getty Images

Stocks were lower again on Thursday, extending a sell-off in the holiday-shortened week.A revision to first-quarter GDP showed economic growth was less than initially reported, while inflation was also cooler.Markets are bracing for the release of PCE inflation data on Friday.

US stock were down on Thursday as traders digested data on the economy and labor market while awaiting the release of the Federal Reserve's favorite inflation gauge on Friday.

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Stock market today: Sell-off continues as markets digest new data, brace for PCE

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