Stocks Slip Ahead of Key Inflation Data and Retail Earnings That Could Reveal Consumer Health
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Stocks slipped Monday as investors awaited key US inflation data and earnings from retailers that could show how consumers are faring.
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The tech-heavy Nasdaq fell 0.4% early Monday, while the S&P 500 shed 0.3% and the Dow lost 0.2%.
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October's CPI reading on Tuesday is expected to influence future Fed interest rate hikes. Comments from Fed officials signaled more hikes may still come.
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Moody's cut its US debt outlook to "negative" from "stable" amid fiscal concerns ahead of another potential shutdown.
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Earnings this week include Home Depot, Target, Walmart, Fisker, and Tyson Foods, which could provide insight on consumers.