Reported about 10 hours ago
US stock markets closed mixed as investors studied the latest Producer Price Index (PPI) data indicating slower-than-expected inflation for December. The S&P 500 rose slightly by 0.1%, while the tech-heavy Nasdaq Composite fell about 0.2%. The Dow jumped around 0.5%, marking its second consecutive gain. Attention now shifts to the upcoming Consumer Price Index (CPI) report, expected to reveal continued pressure on inflation, potentially leading to discussions on Federal Reserve interest rate adjustments.
Source: YAHOO