U.S. stock market three major indexes start with a decline... Profit-taking and caution sentiment at play
The major three US indices started the session on a downward trend. Based on the opening on the 11th (local time), the S&P500 fell by 0.20%, the Nasdaq by 0.18%, and the Dow Jones index by 0.30%.
After major indices, including the S&P500, surpassed record highs following its first-ever breakthrough of the 6,000 mark the day before, it appears that investors are engaging in some profit-taking. At the same time, ahead of the US Consumer Price Index (CPI) announcement and a follow-up announcement related to the US-China trade negotiations, a cautious sentiment is taking hold, and the market is maintaining a wait-and-see stance.
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