Stocks Mixed as Inflation Cools But Tech Selloff and Job Cuts Temper Gains
• US stocks edge higher as Fed's favored inflation gauge cools in November • Nike shares sink over 11% as company warns of job cuts and falling sales • Tencent leads $80B sell-off in Chinese tech stocks amid fears of another crackdown • Core PCE price index rose 3.2% annually in November, slowing from October's 3.4% pace • Stocks eye 8th straight weekly gain ahead of key inflation data, despite Wednesday sell-off