Nasdaq 100 Falls as Hot PCE Inflation Stirs Rate-Hike Bets: Stock Market Today
Nasdaq 100 falls 0.6% as traders wait on Nvidia and hot July PCE revives September rate-hike bets. Energy leads, gold sinks 1.3% to $4,599.
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Shares of logistics and freight-related companies are trading lower. SAIA said on its Q2 conference call that rising fuel costs and wages are impacting expenses. C.H. Robinson reported an 81% year-over-year decrease in Q2 cash from operations.
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