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Stock Market Today: Stocks Slip as Inflation Worries Rise


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  And the Fed isn't alone in its concerns about inflation. Today's University of Michigan consumer sentiment data showed year-ahead inflation expectations jumped to 3.3% in January from 2.8% in December - the highest since May 2024. Long-term inflation expectations also rose, to 3.2% from 3.0%.

The article from Kiplinger discusses the recent performance of the U.S. stock market, highlighting a downturn influenced by rising inflation concerns. On this particular day, major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced declines. The market's reaction was spurred by economic data suggesting that inflation might not be cooling as quickly as hoped, with the Federal Reserve's potential response to keep interest rates higher for longer being a significant worry for investors. Additionally, the article mentions specific sectors like technology and consumer discretionary taking hits, while energy stocks saw gains due to rising oil prices. The piece also touches on broader economic indicators, such as the upcoming consumer price index (CPI) report, which could further influence market sentiment.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-slip-as-inflation-worries-rise ]

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