Stock Markets Closed Flat and Could Open Timidly Today

We expect little movement from the stock markets today as traders watch for Wednesday’s CPI data with bated breath.

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US Consumer Price Index numbers will be released tomorrow and will give some indication of where inflation is at. The US inflation level has been increasing slightly this year, which has made the stock market timid and the Federal Reserve reluctant to announce interest rate cuts. Everyone is simply waiting for inflation to get better.

 

The stock market closing numbers tell that same story. On Monday, the market indexes all closed pretty much flat. We saw the Dow Jones close down by 0.04%, with the S&P 500 pulling similar numbers by closing down by 0.04%. The Nasdaq Composite rounded out the top three with a similar showing and closed up by 0.03%.

Watch Wednesday’s Numbers

There is a risk that on Wednesday when the CPI data is released that the inflation numbers will inch higher. That could be disastrous for the stock market and could make it difficult for traders to invest much in an inflating economy.

If the data trends down and shows inflation dropping even slightly, that should spur trading in a positive direction and help keep interest in the stock market high. We have seen somewhat flat numbers this week for the stock market with little change from day to day as inflation data is incoming. The market will definitely free up after tomorrow, though, making for very interesting sessions throughout the rest of the week.

The Federal Reserve will also be releasing its March minutes on the same day, making for a big economic data day that could move the market considerably. Investors should be prepared for major movements and reconsider their investments carefully leading up to these meetings.

We may still see major value shifts for a few pharmaceutical and biotechnology companies leading up until then, as well as mid-range movement for tech and especially AI-related stocks. 

 

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ABOUT THE AUTHOR See More
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
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