US stocks today: S&P 500, Nasdaq slip as investors assess data, Iran war fallout

The financials-heavy Dow was hit the hardest this week, putting it on track for its biggest monthly losses since December 2024. A Commerce Department ‌report showed economic growth ⁠slowed more sharply ⁠in the fourth quarter, following downward revisions to Traders now see one 25 basis point interest rate cut by the "This adds to the stagflation narrative, which is one of the big market fears. If we're going to continue to see pressures from higher oil prices while at the same time the economy is slowing ...