Welcome back to shatter.
I'm Kristin Schoeller. That is the closing bell on Wall Street.
Oh yeah, packed podium.
A lot of athletes out there. Wall Street rides
far celebrating the closing bell here at the new york stock
exchange alongside the president of the new york stock exchange.
Lynn martin take a look again a very busy floor
and then we've got the Andersons up there at the NASDAQ in Times Square.
Here's a live look at how the major indexes
did close on the session losses across the board,
fractional losses for the down the S and P.
The NASDAQ, underperforming his technology names,
took a hit on the back of some disappointing sales
guidance from Micron following disappointing
sales guidance from NVIDIA yesterday.
So the NASDAQ has been underperforming all day. These techno
the names and semiconductor stocks,
the NASDAQ closing down 1.2% the S and P down 4/10 of a percent and the dow down
2/10 of a percent comes even as the president
earlier today did sign the chips act into law,
sending tens of billions of dollars in subsidies
to semiconductor companies to try to build out their own manufacturing
and strengthen the supply chain here in the United States.
But for investors all eyes on that inflation data tomorrow,
consumer price data for the month of July set to be released in the morning,
a gain of 8.7% from the same time a year ago, is what economists expect.
That's a tick lower
from the 9.1% gain in consumer prices that we saw in June
but still running at nearly its hottest paste in 40 years.
So a lot for investors to digest,
as well as some earnings ahead of us the rest of the week.