Stocks Settle Mixed as Bond Yields Climb on Continued High U.S. Inflation

What you need to know… The S&P 500 Index ($SPX) (SPY) Tuesday closed down -0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.71%. Stock indexes Tuesday settled mixed. Stocks were under early pressure Tuesday 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 but was stronger than expectations of 6.2% y/y. Also, the Jan core CPI fell to 5.6% y/y from 5.7% y/y in Dec but was stronger than expect…

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