Weaker Than Expected CPI May Suggest Inflation Is Under Control

Key Takeaways

• CPI Slows Down
• Prime Days Strength
• Earnings Season Begins

On Tuesday, stocks edged higher with the S&P 500 adding 0.7% and Nasdaq Composite up 0.6%. Energy stocks led the way on the back of oil prices. Crude oil, which has been stuck in a range, was up 2.5% to $74.83 per barrel and is indicated slightly higher in premarket trading. Today; however, will be about inflation and the Consumer Price Index (CPI) report.