US stocks flat on cautious trading ahead of key inflation data, earnings By Investing.com
From Investing.com: 2024-04-08 15:36:46
U.S. stocks trading cautiously ahead of inflation reading and earnings season starting. Dow up 56 points, S&P 500 up 8 points, Nasdaq up 33 points. March CPI expected to show cooling to 3.7% from prior month’s 3.8%. FOMC minutes and Chinese inflation also due Wednesday. Chance of 25 basis point rate cut in June at 51%. Major banks, including JPMorgan Chase, Citigroup, and Wells Fargo, to report earnings Friday. Delta Air Lines and BlackRock also reporting quarterly updates. Boeing stock falls, Tesla rebounds on robotaxi news, Taiwan Semi secures funding. Energy stocks flat as Middle East tensions ease.
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