Wall Street finished mixed yesterday
On Monday, the trading session has been positive only for the Nasdaq, while the other two major indexes reported losses.
The S&P 500 finished almost flat at -0.o3%, the Nasdaq ended the trading session at +0.57% and the Dow Jones closed at -0.46%.
The investors' sentiment remains bullish as indicated in the graph below:
Sentiment indicator - Fear & Greed Index
The market sentiment is at 73 in the “Greed” mode.
More interest rate hikes ahead
Yesterday, the Labor Department released the Consumer Price index for the month of January.
The data has shown year-over-year inflation of 6.4% down from 6.5% in the month of December.
That was the seventh month in a row that inflation is slowing down.
Analysts, however, forecasted the CPI at 6.2% for the month of January, so the actual data is higher than expected.
The disappointing data makes it more likely that the Fed will not stop its restrictive monetary policy, as of now, and most probably there will be the need to increase the interest rates even further than the investors were expecting to cool down the inflation.
Today's data to watch
The Commerce Department is going to release the retail sale data for the month of January, today at 13:30 GMT.
The data is forecasted to be at +0.8%, after a decline of 1.1% in the month of December.
Today the financial markets can be volatile due to this report.
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