US equities close slightly lower as focus shifts to data

“The jobs report is another week away so eyes are kind of turning Thursday to PCE price index rather than anything else. There is a lot more data this week than last week but it’s still not the biggest of the data.”

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Asian stocks decline as Fed rate cut bets wane

Asian stocks declined following mixed US inflation data, leading traders to reduce bets on Federal Reserve interest rate cuts. Concerns about persistent inflation were reinforced