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Stocks Sell Off on Inflation Fears, Weaker Spending Ahead of Nvidia’s Earnings

Traders’ and investors’ moods began to sour on Wednesday afternoon following the release of the Federal Open Market Committee meeting minutes.
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Stocks Sell Off on Inflation Fears, Weaker Spending Ahead of Nvidia’s Earnings
Stock market numbers are displayed at the New York Stock Exchange during morning trading on Jan. 24, 2025. Michael Santiago/Getty Images
Panos Mourdoukoutas
Updated:
News Analysis

After a brief rally the previous week, U.S. stocks sold off again last week, led by small caps, amid new signs of rising inflation and slowing consumer spending. Investor disappointment over the Fed’s conservative monetary policy outlook and anxiety over Nvidia’s earnings next week added to the selling pressure.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”