12.09.202513:39:29UTC+00US Stocks Waver

US stocks experienced fluctuations on Friday, as the major indices alternated between slight gains and losses. This came after reaching record highs in the previous session, leading investors to take a breather. The Consumer Price Index (CPI) report aligned closely with expectations, strengthening the forecast that the Federal Reserve has the opportunity to resume rate cuts this year. The market anticipates a probable 25 basis point reduction in the federal funds rate next week. By the end of the year, traders predict a total of two to three quarter-point rate cuts. The economic calendar for the day was sparse, featuring only the preliminary September estimates for the University of Michigan's consumer sentiment survey. The energy and technology sectors saw positive movement, while the materials and healthcare sectors were among the poorest performers. Performance among mega-cap stocks varied, with Microsoft rising 0.9%, Apple increasing 0.1%, Broadcom climbing 0.4%, and Amazon up 0.2%. In contrast, Nvidia and Alphabet showed little change, and Meta declined by 0.6%. In the meantime, Super Micro Computer surged over 3% following the announcement of its Nvidia Blackwell Ultra solutions launch.