Posted 11/13/2023, 11:36:59 AM
Wall Street Cautious Ahead of Inflation Data After Strong Week
- Wall Street set to open lower as investors await inflation data and other economic reports this week.
- Focus will be on Tuesday's consumer price index report, which is expected to show easing inflation.
- Major indexes closed at multi-week highs on Friday on hopes interest rate hikes may be nearing an end.
- Moody's lowered its U.S. credit outlook to "negative" from "stable" due to large deficits.
- Boeing shares rose on report China may resume 737 Max purchases and new Emirates order.