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Barchart
Barchart
Rich Asplund

Stocks Close Little Changed on Caution Ahead of US Inflation Reports

The S&P 500 Index ($SPX) (SPY) Monday closed down -0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.21%. 

US stocks on Monday settled mixed.  Higher inflation expectations weighed on stocks Monday after the New York Fed Apr 1-year inflation expectations rose +26 bp to a 5-month high of 3.26% from 3.00% in March.  Also, hawkish comments Monday from Fed Vice Chair Jefferson weighed on stocks when he said, "In light of the attenuation in progress, in terms of getting inflation down to our target, it is appropriate that we maintain the policy rate in restrictive territory." 

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