Investors are underestimating inflation again

Investors are holding their breath in anticipation of Thursday morning's Consumer Price Index inflation report — arguably the most important piece of economic data so far this year.

News: What you need to know about the markets     Investors are underestimating inflation again Investors are holding their breath in anticipation of Thursday morning's Consumer Price Index inflation report — arguably the most important piece of economic data so far this year. Read more »   Netflix stock soars on the dollar's slide Netflix had the kind of year in 2022 that only the ghoulishly morbid Wednesday Addams would love. But, now, in part due to a sagging dollar, the picture is getting brighter. Read more »   Gold is surging as investors bet on slower Fed rate hikes Gold is shining once again, as investors bet that cooling inflation in the United States will slow the pace of Fed rate hikes and make the precious metal more attractive. Read more »   Health care is in crisis. New York's nurses strike is just the latest sign Naniaka Camara grew up near Montefiore Hospital in the Bronx in New York and remembers going there for her own medical care. A Montefiore nurse for the past three years, she still lives only minutes from the hospital and often knows the patients from her neighborhood she cares for. Read more »   Wells Fargo is retreating from the mortgage market it once led Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. Read more »   Exclusive: Pepsi is ditching Sierra Mist for a new Sprite rival Pepsi is reaching for the stars in its latest effort to take on Sprite. Read more »

Dow Nasdaq S&P +268.91   +189.04   +50.36 33,973.01   10,931.67   3,969.61 +0.80%   +1.76%   +1.28% YTD +2.49%   YTD +4.44%   YTD +3.39%

Biggest Winners Bio Rad Laboratories Inc +6.53%   Albemarle Corp +5.65%   Charles River Laboratories International Inc +5.47%   Federal Realty Investment Trust +5.15% Biggest Losers Teleflex Inc -7.60%   Charles Schwab Corp -2.57%   Allstate Corp -2.14%   Cardinal Health Inc -2.06%

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Key Market Stats Latest Today's Change Oil $77.70 +2.58 / +3.43% Gold $1,880.40 +3.90 / +0.21% 10-yr 3.55% -0.07 Euro $1.08 +0.00 / +0.16%

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