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Rich Asplund

Stocks Turn Mixed as Support from July CPI Report Fades

United States Mars US Federal Reserve

The S&P 500 Index ($SPX) (SPY) today is down -0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.31%.

US stocks today are mixed, with the Dow Jones Industrials posting a 1-1/2 week high. Weakness in chip stocks is weighing on the overall market. Also, today’s US July CPI report was close to expectations and dampened speculation that the Fed will cut rates by 50 bp next month instead of 25 bp.

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