Posted 12/11/2023, 5:34:47 PM
Stocks Cautious Ahead of Key Inflation Data and Fed Meeting; Macy's Surges on Buyout Bid
- Stocks mixed in afternoon trading as investors looked ahead to CPI data and Fed meeting
- Microsoft agrees with union on AI contract language, including to "treat all people fairly"
- Wall Street sees "unequal and fragmented" stock market in 2024 even if Fed cuts rates
- Macy's shares surge 17% on $5.8B buyout offer; Occidental to acquire CrownRock for $12B
- Stocks muted on Monday as investors brace for inflation data Tuesday and Fed decision Wednesday