The Dow Jones Industrial Average finished 2022 sharply off its mid-October lows, as the stock market continues to rebound. The best Dow Jones stocks to watch in January 2023 are Amgen, Apple, Boeing, Caterpillar and Microsoft. Read More...
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The Calm Before the CPI Storm, Fed, Semiconductors and More
US futures pointed to a positive start to the trading day ahead, but it is likely to be one of those calm before the storm trading days ahead of the December Consumer Price Index (CPI) tomorrow, a rash of bank earnings on Friday, and a gaggle of Fed speakers making the rounds as well. Despite Fed officials reiterating inflation remains a problem that will spur additional rate hikes in the coming months albeit at potentially smaller sizes, a battle over how long the Fed will keep rates at elevated levels to quash inflation remains. While Fed officials have been adamant, they see no rate cut this year, a narrative calling for just in the back half of 2023 persists.
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