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Stock market today: US stocks set to snap 5-month win streak with Fed, Amazon in focus [Yahoo! Finance Canada]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Federal Reserve's upcoming interest rate decision, along with earnings from Amazon ( AMZN The S&P 500 ( ^GSPC ) and tech-heavy Nasdaq Composite ( ^IXIC ) each slipped roughly 0.2% after closing with small gains . The Dow Jones Industrial Average ( ^DJI ) fell about 0.6% while the yield on the 10-year Treasury (^ TNX ) jumped about 4 basis points to trade near 4.66%. According to new data released by the Bureau of Labor Statistics early Tuesday, the employment cost index, which measures compensation and benefits, increased 1.2% from December to March — the highest increase in a year — after rising 0.9% at the end of 2023. Wages and salaries increased 1.1% over that same three-month period while benefit costs also increased 1.1%. The data adds to ongoing concerns that persistently high wages are keeping inflation levels elevated. ADVERTISEMENT Stocks are on track to post their worst month of 2024, as a brutal mid-April stretch means the major indexes are set to end the month w
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