Wall Street dips ahead of U.S. data; dollar pressured by yen, yuan

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Key Points

NEW YORK (Reuters) -U.S. stocks followed their overseas counterparts lower at the top of a holiday-shortened week on Monday as investors positioned themselves ahead of crucial inflation data...

The three major U.S. stock indexes started the day modestly lower, with megacap momentum stocks pulling the tech-laden Nasdaq down most, while the dollar dipped with the threat of potential yen intervention looming and Chinas government- supported yuan rally weighing on the greenback...

Wall Street focused on Boeing Co after the planemaker announced its CEO Dave Calhoun will step down by year-end amid a flurry of safety concerns...

Theres a bit of digesting (last weeks Fed decision) and waiting for economic data and first-quarter earnings which are just a couple of weeks away, said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York...

After the U.S. Federal Reserves decision last Wednesday to leave its key policy rate unchanged, and its dot plot still reflecting expectations for three cuts to that rate this year, markets are looking ahead to Fridays Personal Consumption Expenditures (PCE) report due from the Commerce Department...

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