Stocks Flat as Investors Digest Mixed Inflation Data
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Stocks open flat as investors digest mixed inflation data. The Dow, S&P 500, and Nasdaq little changed at the open.
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September CPI rose 0.4% month-over-month and 3.7% year-over-year, slightly above forecasts. Core CPI rose 0.3% monthly and 4.1% annually.
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Stock futures edge higher ahead of CPI data release. Dow futures up 112 points.
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Oil prices rebound on potential OPEC+ output cuts. Brent crude back near $87 per barrel.
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Earnings season kicks off with reports from Delta, Walgreens. Bank earnings in focus on Friday.