US stocks edge lower as investors weigh batch of mixed economic data

Dec 23 2022 by Business Insider

 

Spencer Platt/Getty Images

US stocks moved lower Friday as investors juggled a raft of economic reports.  The Fed's preferred inflation gauge came in higher than anticipated, rising at a 4.7% year-over-year rate in November.  The S&P 500 and the Nasdaq Composite are headed for a third straight week of losses. 

US stocks logged modest losses Friday as investors sorted through a raft of economic reports to round off what's likely to be another losing week for the S&P 500.  

The Federal...

Continue Reading US stocks edge lower as investors weigh batch of mixed economic data