S&P 500 Breaks 5,000 Mark Amid Anticipation for Key Inflation Data The S&P 500 hit a record high, closing above 5,000 for the first time after a strong few weeks driven by better-than-expected company earnings and the Federal Reserve’s consistent message on inflation. This week, all eyes are on the Consumer Price Index (CPI) for January, with experts predicting a year-on-year increase of 2.9%, down from December’s 3.4%. This suggests that while inflation is expected to have slowed, careful monitoring continues. The CPI measures changes in the price level of a basket of consumer goods and services, including food and energy, providing a key indicator of inflationary trends. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold pulls back, traders hunker down for more cues on interest rates READ MORE Tech Giants Hit in Late Hours After Meta’s Outlook: Markets Wrap READ MORE Citadel Strikes Gold in Commodities: Over $4 Billion Earned in 2023 READ MORE Nvidia’s Market Cap Worth As Much as the Entire Chinese Stock Market READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment