Stock market today: US stocks turn lower ahead of CPI inflation data
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US stocks turned lower ahead of the release of the Consumer Price Index (CPI) on Wednesday, which is seen as a pivotal point for the market. The Dow Jones Industrial Average fell about 0.3%, the S&P 500 dropped about 0.2%, and the Nasdaq Composite remained flat. Investors are less convinced the Federal Reserve will deliver on the three rate cuts projected for this year, given the strength of the US economy. The focus is on the CPI print for March, and any sign of cooling inflation will be seen as an invitation for a June policy shift. Rising metals prices and the start of first quarter earnings season are additional catalysts to watch.
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