Markets Today: Stocks Slide After Stronger Than Expected CPI Report

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Morning Markets The S&P 500 Index ($SPX) (SPY) today is down -0.41%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.59%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.26%. U.S. stock index futures this morning are lower after U.S. Jan consumer prices rose more than expected, which will keep the pressure on the Fed to keep raising interest rates. U.S. Jan CPI eased to 6.4% y/y from 6.5% y/y in Dec, stronger than expectations of 6.2% y/y. Also, Jan core CPI fell to 5.6% y/y from 5.7% y/y in Dec, stronger than expectations of 5.5% y/y. The 10-year T-note is up +5.9 bp at 3.765%, whi…

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