Karen Moscow

Precious metals are advancing.

S&P futures down 0.5 percent.

So are Dow futures.

Nasdaq futures down 0.6 percent.

Ten-year Treasury yield 4.07 percent.

That's news when you want it with Bloomberg News Now.

I'm Karen Moscow and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Karen Moscow.

Data showing the world's largest economy grew at a weaker than anticipated pace as driving stocks lower at the open with separate figures showing stubborn inflation pressures.

The S&P 500 down a quarter percent.

The Dow Jones Industrial Average down a third of a percent.

The Nasdaq down a quarter percent.

Ten-year Treasury yield at 4.07 percent.

And we get more on the data with Bloomberg's Michael McKee.

And that's Bloomberg's Michael McKee.

Consumer spending decelerated to a 2.4 percent pace.

Meanwhile, the Fed's preferred measure of underlying inflation.

Known as the Core Personal Consumption Expenditures Price Index, rose 0.4% in December, the most in nearly a year.

On an annual basis, the Core PCE, which excludes food and energy, climbed 3% compared to 2.8% at the start of 2025.