STOCK MARKET NEWS: PPI due, Cisco rises, Shopify falls

suggest a slight decline when the opening bell rings.

On Wall Street, the S&P 500 rose 0.3% to 4,417.60 after swinging from early losses to gains through the day. Year-over-year, prices paid by wholesalers are anticipated to jump 5.4%, down sharply from a 6.2% spike in December and the seventh straight month of cooler growth. Continuing claims, which track the total number of workers collecting unemployment benefits, are expected to edge up to 1.695 million, the highest since late December.

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January CPI inflation report due today: Live updates on stock market and moreA new report on inflation is due Tuesday morning. Economists surveyed by Bloomberg forecast that the annual rate of price increases will slow to 6.2% in January following a decline to 6.5% in December. Way, way down… …to ONLY 6.5% These are year over year decreases, not the actual inflation rate for the month. Prices continued to decline on a yearly basis for the seventh straight month to 6.4% from 6.5%, the smallest increase since October 2021. However on a monthly basis, inflation rose by 0.5% from 0.1% in December.
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