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Stock market today: Indexes trade mixed as rally wavers ahead of key inflation data

The article from Business Insider discusses the stock market's performance as it approaches the end of 2024, highlighting a year-end rally driven by several key factors. Despite earlier volatility, the market has seen gains, with the S&P 500 and Nasdaq both experiencing significant increases. This surge is attributed to cooling inflation rates, as indicated by the latest Consumer Price Index (CPI) data, which has led investors to speculate that the Federal Reserve might pause or reduce interest rate hikes. The article notes that while inflation has moderated, it remains above the Fed's target, creating a mixed sentiment among investors. Additionally, positive corporate earnings, particularly in technology and consumer discretionary sectors, have bolstered market confidence. However, concerns about potential economic slowdowns and geopolitical tensions continue to loom, potentially impacting future market movements. The piece concludes with expert opinions suggesting cautious optimism for the market's trajectory into the new year.

Read the Full Business Insider Article at:
[ https://markets.businessinsider.com/news/stocks/stock-market-today-index-year-end-rally-cpi-inflation-fed-2024-12 ]