S&P 500 and Nasdaq: US Indices Mixed as Stock Market Weighs Earnings, CPI Data

CPI Report Comes in Below Expectations—Fed Pause LikelyStock futures initially gained after the December consumer price index report revealed that core CPI, excluding food and energy, rose 0.2% on the month and 2.6% on the year. These figures were below the pre-market estimates of 0.3% and 2.8%, respectively. However, the monthly headline figure increased 0.3% in December, putting the annual rate at 2.7%. Nonetheless, both increases were forecast by economists polled by Dow Jones.The impact on the Fed, foll ...