Stocks close higher, Nasdaq clinches fifth day of gains after CPI report shows cooling inflation

2023 is just kicking off, but some restaurant stocks have already posted double-digit year to date increases.

Shake Shack shares have risen the most among the group of stocks, with shares surging more 29% since the start of 2023 after falling about 42% in 2022.CPI shows shelter inflation still worrisome "In this single month-over-month report, there is almost no inflation outside of shelter," said Wilmington Trust chief economist Luke Tilley "Goods prices are collapsing mostly because of motor vehicles and computers and laptops and technology. Used vehicle prices are down 27.5% at annualized rate over the past three months, and they're likely to keep falling."

"I still think it's largely fine. I think numbers will continue to come down. The real question is where does it start to level out?" said Peters. "That's the piece of it that should be the point of focus. It's great that CPI mechanically is coming down, and there's some good news in the report. But that doesn't mean the Fed gets close enough to its target that they get comfortable.

They will either raise 25 or 50 basis points

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Stocks close higher as investors await inflation report, Nasdaq notches 3-day win streakStocks advanced Tuesday as investors continued building on the new year’s early rally while awaiting economic data and corporate earnings coming later this week. The Dow gained 0.56%. The S&P 500 rose 0.70%. The Nasdaq popped 1.01%. Wow the Dow .56% up.. you guys used a lot of words to talk that up.. Whoopee.😉😆 Did any index snap or crackle? I love SaraEisen
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US CPI Preview: Softer print to send stocks higher – JP MorganAnalysts at JP Morgan offer various scenarios for the United States Consumer Price Index (CPI) data due on Thursday and its market impact. Key quotes
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Stocks becalmed before potential CPI stormAsian stocks hovered below seven-month highs on Thursday, as investors waited to see whether U.S. data will confirm inflation is in retreat, while the yen rose with a report Japan will next week review the side-effects of its ultra-easy policy. Prediction: decent CPI reading and stocks move way higher. Then a massive correction. Will these data determine an owl or a hawk 🤭
La source: Reuters - 🏆 2. / 97 Lire la suite »

U.S. stocks open higher as investors weigh highly-anticipated CPI inflation dataU.S. stocks opened modestly higher after fresh data showed headline inflation dipped in December, with price pressures continuing to ease since last year's...
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