Stock Market Today: Stocks Lower As Inflation Worries Resurface


U.S. equity futures nudged lower Tuesday, while the dollar gave back gains against its global peers and Treasury yields stabilized, as investors continue to worry that inflation risks remain imbedded in the domestic economy.

Monday’s stronger-than-expected reading of the ISM non-manufacturing index for November, a benchmark of activity in the biggest and most important driver of growth in the U.S. economy, surprised markets and triggered the biggest rally in the dollar in more than two weeks as traders bet the data may induce a longer, and more hawkish stance on rate hikes from the Federal Reserve.

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