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Stock market today: Dow, S&P 500, Nasdaq little changed in wait for key inflation data
Yahoo Finance • • business
Key Points:
- US stock indexes, including the Dow Jones, S&P 500, and Nasdaq, showed little movement at the start of the week, remaining near all-time highs after a strong previous week.
- Investors are cautious ahead of key earnings reports and inflation data, particularly the Consumer Price Index (CPI) release scheduled for Wednesday.
- Oil prices rose to $85 per barrel amid speculation that Iran is close to reaching a deal to reopen the Strait of Hormuz, a critical oil transit route.
- Federal Reserve officials remain divided on interest rate decisions, closely monitoring the inflation impact of rising oil prices and geopolitical tensions in the Middle East.
- A weaker-than-expected jobs report last Friday eased some pressure on the Fed, but policymakers remain ready to respond if inflation data signals increased risks.
