A mixed Monday for the major stock indices. US CPI data to be released tomorrow.
<p>It is a mixed Monday for the major stock indices ahead of the important US CPI data tomorrow at 8:30 AM. </p><p>The headline CPI number is expected to rise by 0.1% with the core expected to rise by 0.3%. The YoY is expected to fall to 3.3% from 3.7% (YoY effects) while the core is expected to be unchanged at 4.1%. Putting the core number into perspective, the high YoY prior to the pandemic/supply chain spike, the highest level going back to 2005 was 2.9%. At 4.10%, that still is well above that old peak. </p><p>The final numbers today are showing:</p><ul><li>Dow industrial average rose 54.75 points or 0.16% at 34337.88</li><li>S&P index fell -3.69 points or -0.08% at 4411.54</li><li>NASDAQ index fell -30.37 points or -0.22% at 13767.73 </li></ul>
This article was written by Greg Michalowski at www.forexlive.com.
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