Stock Market Today: Markets Waver as Inflation Continues to Ease

Stock Market Today: Markets Waver as Inflation Continues to Ease

Stocks followed a strong start to the session with something of a whimper as a comforting reading on consumer price inflation only confirmed market participants’ rate-cut bets. The red-hot tech sector was mixed, while energy names outperformed amid a stronger dollar.

The main event of the day was the release of the October Consumer Price Index (CPI) report. Happily for market participants, the inflation data didn’t disappoint – although prices continued to rise for select goods and services.

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