Monthly Archives - February 2023

S&P 500 falls after higher-than-expected CPI data

15 Feb 2023 - Stocks wavered Tuesday and the Dow fell, reversing earlier gains, after the January consumer price index report showed that inflation grew at a higher-than-expected 6.4% annual rate. However, the CPI figure showed that it edged slightly lower from the 6.5% figure shown in December. That marked the seventh straight month of easing inflation since peaking at 9.1% in June.

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Markets rise as Super Bowl advertisements highlight changing market dynamics

14 Feb 2023 - Stocks rose Monday as traders looked ahead to Tuesday’s key inflation report, regaining their footing after the S&P 500 and Nasdaq Composite suffered their worst weekly declines in nearly two months. Investors will get more inflation data tomorrow when January’s consumer price index report will be released, showing if price increases have continued to slow amid the central bank’s rate hikes.

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S&P 500 closes worst week in two months: All eyes await January’s CPI data

13 Feb 2023 - The S&P 500 eked out a narrow gain in Friday’s session but still had the worst week in nearly two months. Investors digested the most recent interest rate hike, economic data and recent commentary from Federal Reserve speakers. That caused intraday moves, as investors changed positions while predicting how the central bank will act on interest rates going forward.

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