Stocks Mixed as Slowing Demand and Inflation Concerns Counter Upbeat Consumer Data
• Wall Street stalls after FedEx and Winnebago report disappointing profits amid signs of slowing demand
• However, consumer confidence and home sales topped expectations, signaling economic strength
• Inflation in the UK unexpectedly slowed, raising hopes central banks can pivot from rate hikes
• Lower rates boost stocks, but market rally may have gone too far as recession could still hit profits
• Stocks were mixed with tech leading while oil bounced back; Fed officials caution on quick rate cuts