Stock market today: S&P 500, Dow, Nasdaq gains fizzle as CPI inflation cools, weekly losses loom
View original at finance.yahoo.comStock market today: S&P 500, Dow, Nasdaq gains fizzle as CPI inflation cools, weekly losses loom US stocks lost steam on Friday and were on track for weekly losses as Wall Street digested a cooler-than-expected inflation reading for a steer on the path of interest rates…
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Consumer prices increased 0.2% in January from a month earlier and 2.4% on an annual basis.
80% confidenceBrian Armstrong attempted to ease investor and analyst concerns after Coinbase's second-worst quarterly loss.
80% confidenceTraders priced in a 51% chance of at least one 25 basis-point cut by the Fed's June meeting; less than 10% price in a March cut.
80% confidenceGasoline prices dropped 3.2% month-on-month and 7.5% year-on-year in January.
80% confidenceIt was important for Congress to pass a bill creating federal rules for digital assets by Spring.
80% confidenceFuel oil prices dropped 5.7% month-on-month.
80% confidenceRivian's R2 midsize model is on track for delivery before the summer.
80% confidenceEnergy headline costs fell 1.5% in January month-on-month and 0.1% year-on-year.
80% confidenceElectricity prices rose 6.3% and utility gas rose 9.8% year-on-year.
80% confidenceModerna reaffirmed its expectation of 10% revenue growth in 2026.
80% confidenceCore CPI rose 0.3% month-on-month and 2.5% year-on-year in January.
80% confidenceElectricity prices shed 0.1% month-on-month while utility gas services prices rose 1% due to cold weather demand.
80% confidence
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