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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Stocks Close Flat After Mixed Inflation Data

Inflation Stock Market Bill Adams Bitcoin US Federal Reserve
Closeup of person looking at blue stock market chart and pointing at screen with a pen.

Stocks opened higher following this morning's release of the December Consumer Price Index (CPI). However, this initial burst of buying power faded throughout the session as market participants mulled over the mixed report.  

Ahead of the opening bell, the Bureau of Labor Statistics said headline inflation was up 0.3% month-over-month in December and 3.4% higher year-over-year. Both figures are higher than what was seen in the November CPI and the annual increase was the largest in three months.

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