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Stock Market Today: Stocks Are Mixed Ahead of CPI

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Cool wholesale inflation numbers provide only slight relief before Wednesday's release of December Consumer Price Index data.
The article from Kiplinger discusses the mixed performance of the U.S. stock market as investors awaited the release of the Consumer Price Index (CPI) data, which could influence the Federal Reserve's interest rate decisions. The Dow Jones Industrial Average saw a slight increase, while the S&P 500 and Nasdaq experienced declines. Key points include the anticipation around inflation data, with expectations that a lower-than-expected CPI could signal a potential pause or reduction in rate hikes. Additionally, the article touches on specific stock movements, such as gains in Chevron due to rising oil prices, and losses in tech stocks like Nvidia and Tesla. There's also mention of broader market sentiment influenced by recent economic indicators, including a strong jobs report, and comments from Federal Reserve officials suggesting a cautious approach to future rate adjustments.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-are-mixed-ahead-of-cpi ]