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Stock market news today: Investors await economic data and earnings

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US stocks trade mixed as investors prepare for busy week of economic data, earnings

US stocks were mixed on Monday as investors prepare for a slew of economic data this week that should give them some insight into the health of the broader economy.

The June consumer price index report will be released on Wednesday at 8:30 am ET, with investors hoping to see a continued deceleration in the inflation rate. Wall Street consensus expects the Core CPI month-over-month figure to be 0.3%, which would be the lowest reading since September 2021. Other data scheduled to be released this week includes the Atlanta Fed Wage Tracker report for the month of June and the Manheim Used Vehicle Index, both of which help measure inflation.

Finally, second-quarter earnings season is set to kick off on Friday as big banks like JPMorgan and Wells Fargo report their results. This will offer investors insight into the current state of the consumer and economy.

 

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