US Stock Markets Show Mixed Moves Amid Inflation Data and Geopolitical Concerns

US stock markets showed mixed performance over two sessions, with the Dow Jones holding steady near 46,700 points. The S&P 500 and Nasdaq experienced declines in the latter session, while the Russell 2000 index led gains initially before slipping later. Investors reacted to fresh PCE inflation data and slowing GDP growth, fueling hopes for a Federal Reserve rate cut in 2025. Elevated market volatility and geopolitical tensions near the Strait of Hormuz contributed to cautious trading and sector rotation away from tech stocks.