Stocks followed a strong start to the session with something of a whimper as a comforting reading on consumer price inflation only confirmed market participants' rate-cut bets. The red-hot tech sector was mixed, while energy names outperformed amid a stronger dollar.
The main event of the day was the release of the October Consumer Price Index (CPI) report. Happily for market participants, the inflation data didn't disappoint – although prices continued to rise for select goods and services.
