U.S. Stocks Mixed as Investors Await CPI Data, Fed Minutes

us.-stocks-mixed-as-investors-await-cpi-data,-fed-minutes

Stock Markets 1 hour ago (Oct 10, 2022 10:26AM ET)

U.S. Stocks Mixed as Investors Await CPI Data, Fed Minutes © Reuters.

By Liz Moyer

Investing.com — U.S. stocks were mixed to start the week as investors looked forward to consumer price data and the minutes of the Federal Reserve’s last meeting.

At 10:21 ET (14:21 GMT), the was up 28 points, or 0.1%, while the was down 0.3% and the was down 0.6%.

In the U.S. the bond market is closed Monday for Columbus Day and Indigenous Peoples’ Day, and stock markets in Japan, South Korea and Canada are closed for holidays.

The of the Fed’s September meeting could give some extra glimpse of how policymakers are thinking as they try to tame without setting off a recession, though Fed officials have talked in recent weeks about their determination to get inflation under control.

Wall Street tumbled on Friday after the September report on jobs was stronger than expected, giving the Fed reason to continue its aggressive . Markets are predicting a nearly 90% chance of another 0.75 percentage point increase in November, Reuters reported. 

Also today, there will be public appearances by Chicago Fed President Charles and Fed Vice Chair Lael . Evans said the Fed should be able to cool inflation without a big jump in unemployment. “I think we can bring inflation down relatively quickly while also avoiding a recession,” Evans said.

Big banks will start to report their third-quarter earnings later this week as investors worry about the effect of rising rates on company revenue and profit, and in the case of banks, on the quality of their loan books.

JPMorgan Chase & Co (NYSE:) shares rose 0.4% on Monday, while Morgan Stanley (NYSE:) rose 0.2% and Citigroup Inc (NYSE:) shares fell 0.7%.

Oil wobbled. were flat at $92.63 a barrel, while fell 0.2% to $97.77 a barrel. fell 1.7% to $1682.

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