Dow and S&P 500 close at record highs as investors await CPI inflation reading

From Google: 2024-10-09 16:18:00

The Dow and S&P 500 both closed at record highs as investors await the CPI inflation reading. This comes amidst a backdrop of rising bond yields and concerns about the potential impact on stock valuations. Investors are closely watching for any signs of inflation that could influence future Fed policy decisions. The tech sector saw gains, with Apple and Microsoft leading the way. Overall, market sentiment remains positive but cautious, with uncertainty surrounding inflation data and its implications for the economy.



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