© Reuters. A man walks past an electronic board showing stock visualizations outside a brokerage, in Tokyo, Japan, March 17, 2023. REUTERS/Androniki Christodoulou
By Stephen Culp
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 China’s government- supported yuan rally weighing on the greenback.
Wall Street focused on Boeing (NYSE:) Co after the planemaker announced its CEO Dave Calhoun will step down by year-end amid a flurry of safety concerns.
“There’s a bit of digesting (last week’s Fed decision) and waiting for economic data and first-quarter earnings which are…
