S&P 500 rally hits a wall in run-up to CPI report.

With major U.S. indices making gains last week, including the S&P 500 and Nasdaq 100 posting all-time highs, markets continue to consolidate. Bond yields have declined, providing support for the market. Investors are waiting for Tuesday's U.S. Consumer Price Index report for guidance. The consensus is for January consumer prices to ease to +2.9% year-over-year from +3.4% in December.

February 11, 2024
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