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Dow extends record, S&P 500 rises as software shares bounce: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq tip higher after weak retail sales fuel Fed cut bets Yahoo FinanceS&P 500, Nasdaq fall as communication services, tech stocks weigh ReutersStock Market Today: Dow Rises After Retail Sales Undershoot Estimates — Live Updates The Wall Street Journal
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Sales at U.S retailers fizzled at the end of the holiday shopping season, suggesting consumers worried about the economy might be cutting back on spending as the new year got underway.
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Strategy Executive Chair Michael Saylor attempted on Tuesday to dismiss "unfounded" fears that the recent tumble in bitcoin prices would force the company to pare back its holdings, but he did acknowledge that more price volatility for the cryptocurrency, and for the company's stock, was likely.
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The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
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