From Nasdaq:

Microsoft has surpassed Apple to become the world’s most valuable company. Citigroup will take a $3.8 billion hit on charges and reserves. Netflix reports that its ad tier now has more than 23 million global monthly users.

In December, US consumer prices rose more than expected. Dow and S&P indexes remained relatively flat, while the Nasdaq was up by 0.20%. Wall Street indexes struggled to find direction despite record highs.

A US Labor Dept. report showed higher-than-expected consumer prices. Market participants now imply about a 60% chance of a March rate cut. Crypto stocks surged after the US securities regulator approved the first US-listed ETFs to track spot bitcoin.

Citigroup, JPMorgan Chase, Bank of America, and Wells Fargo will report earnings on Friday. Lyft’s stock was downgraded by Goldman Sachs. Netflix shares rose 2% due to a report that its ad-supported tier has reached more than 23 million active users per month globally.



Read more: US STOCKS-Wall Street’s indexes choppy as inflation data dampens rate-cut hopes