Posted 4/9/2024, 2:30:00 PM
Stocks Slip Ahead of Inflation Data and Earnings Season
- Stocks turn lower on Tuesday ahead of upcoming inflation data and the start of earnings season
- Consumer price index and producer price index reports this week will provide insight into the Fed's battle with inflation
- First quarter earnings season begins later this week with several major banks reporting results
- Traders seem to be waiting for Wednesday's consumer price index release before making moves
- Dow turns lower Tuesday morning but tech megacaps like Alphabet, Apple and Microsoft continue to outperform