The Dow managed to add 221 points
Stocks finished the day mixed, as investors focused on today's producer price index (PPI) data, which was more modest than anticipated. All eyes are now on tomorrow's consumer price index (CPI) reading, which should indicate whether or not the Federal Reserve neared its 2% inflation goal. Bank earnings are also on the horizon, with an onslaught of reports due out from several blue chips. Today marked the Dow's third triple-digit pop in four sessions, and a fifth-straight losing session for the Nasdaq.
Continue reading for more on today's market, including:
- 2 more stock picks for your 2025 portfolio.
- Beat-and-raise boosts KB Home stock.
- Plus, retail stock ready to rebound; gold stocks to watch; and Amazon partnership buzz.
5 Things to Know Today
- Despite the destruction of more than 12,000 structures, frontline firefighters are holding firm as the wildfires in southern California continue under high wind advisories. (Reuters)
- Mark Zuckerberg's Meta Platforms (META) will cut 5% of its workforce in 2025. (CNBC)
- This retail stock looks ripe for a rebound.
- Three gold stocks to watch amid inflation buzz.
- Amazon.com partnership boosts telehealth stock.
Oil Drops Off After Multi-Day Climb
Oil prices are correcting from a multi-day, sanction-driven surge, finishing lower for today's session. February-dated West Texas Intermediate (WTI) crude fell $1.32, or 1.7%, to settle $77.50 per barrel.
A weakening U.S. dollar and moderate inflation reading sent gold futures higher. Gold for January delivery added 0.1% to settle at $2,682.20 an ounce.