HomeFinancial MarketsStocks Remain Stagnant Ahead of Crucial Inflation Data

Stocks Remain Stagnant Ahead of Crucial Inflation Data

Stocks listed on the New York Stocks Exchange remained relatively unchanged on Monday after investors braced themselves for the release of the Consumer Price Index report later in the week. This key inflation data is expected to have an impact on the Federal Reserve’s interest rate decision on Wednesday; the last of the year.

Futures listed on the Dow Jones Industrial Average and S&P 500 remained stationary, while those on the Nasdaq 100 slipped 0.1% lower. Beyond the Fed’s upcoming interest rate decision, Tuesday’s CPI data is expected to give a hint at the direction that stocks could take going into 2024.

Jobs data released by the Bureau of Labor Statistics on Friday indicated that the Federal Reserve could loosen its monetary policy given that the labor market has been loosening and inflation data continues to cool. Still, the Fed is expected to institute a pause, with rate cuts only coming into play early next year.

Stocks Hold Steady Ahead of Inflation Report

U.S. equities remained largely muted on Tuesday after reaching all-time highs as investors awaited the release of a crucial inflation report. The PCE index,...

Domino’s Pizza Beats Quarterly Estimates Amid Rebound in Demand

Domino's Pizza reported its financial results for the fourth quarter on Monday, beating Wall Street expectations. Same-store sales rose 2.8% over the quarter, beating...

U.S. Homeowners Remain In Homes Longer Than They Did 20 Years Ago

A study by real estate brokerage Redfin found that U.S. homeowners are remaining in their existing homes for longer than they did 20 years...