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Stock market today: Stocks wobble as big week for inflation data, earnings begins

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Nasdaq Composite News

Federal Reserve,Earnings Growth

Investors regrouped for a packed week with a fresh inflation data test for rate-cut views and the start of first-quarter earnings season.

US stocks wobbled on Monday as investors kicked off a big week that will see a fresh inflation data test for rate-cut views and the start of first-quarter earnings season. The Dow Jones Industrial Average , the S&P 500 and the tech-heavy Nasdaq Composite wavered around the flatline after opening with slight gains. A strong jobs report helped lift stocks on Friday but couldn't fend off weekly losses as doubts about the Federal Reserve's resolve for interest-rate cuts preyed on minds.

Other concerns added to the unsettled mood: Divided views on policy from Fed speakers, growing noise around the coming US presidential election, and a spike in oil prices from escalating Middle East tensions that could fan inflation pressures. All that is sharpening focus on the release of the Consumer Price Index on Wednesday, a key input in the Fed's decision making and a clue to continuing resilience in the US economy.

 

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