For subscribers
Market Watch
A case of good economic data driving bad markets
Sign up now: Get ST's newsletters delivered to your inbox
The biggest issue facing the market remains interest rates, and what the US Federal Reserve will do.
PHOTO: REUTERS
Follow topic:
SINGAPORE – Good news for the economy has become bad news for the market.
After the S&P 500 hit a new record early in the week after Nvidia’s quarterly profit skyrocketed above forecasts and sent stocks linked to artificial intelligence (AI) soaring, the broad-based index, and the market in general, pulled back on May 23 following hotter-than-expected purchasing managers’ index (PMI) data.
