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US stocks hover near record highs as investors brace for inflation data

11 days ago   |   By Business Insider

Summary List Placement US stocks flirted with record highs Wednesday as investors awaited key inflation data out tomorrow.
The broader market seems to be in a "holding pattern" as investors wait for Thursday's inflation report, said Craig Johnson, Piper Sandler chief market technician. Economists expect the US consumer price index to rise 4.7% year-on-year. Some investors worry that overheating inflation may nudge the Federal Reserve into rolling back its ultra-easy monetary policy.
Here's where US indexes stood at the 9:30 a.m. ET open on Wednesday:
S&P 500 : 4,235.36, up 0.19%
Dow Jones...
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