US stocks mixed ahead of inflation data
The Peninsula
New York: Wall Street stocks were mixed early Wednesday as markets awaited a key inflation reading in the final full day session of a holiday shortene...
New York: Wall Street stocks were mixed early Wednesday as markets awaited a key inflation reading in the final full-day session of a holiday-shortened week.
Investors are looking ahead to the personal consumption price report, a key item for the Federal Reserve as it determines whether inflation has been sufficiently mitigated to allow more interest rate cuts.
Spartan Capital's Peter Cardillo said he expects light trading volume, with many people already away for the Thanksgiving holiday.
"I don't think the market is going to react very much to the PCE numbers," Cardillo said. "But of course if it's out of whack, then it could have an impact."
About 20 minutes into trading, the Dow Jones Industrial Average was up 0.2 percent at 44,954.37.
