Stocks Mixed Today as Investors Weigh Inflation and Earnings

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Stocks Mixed Today as Investors Weigh Inflation and Earnings

Stocks were mixed today as investors weighed concerns about inflation and earnings against hopes for a strong economic recovery. The S&P 500 closed down 0.1%, while the Dow Jones Industrial Average rose 0.2% and the Nasdaq Composite Index fell 0.4%.

The sell-off in technology stocks weighed on the broader market, as investors worried about the impact of rising interest rates on the sector. However, gains in energy and financial stocks helped to offset the losses.

Investors are also keeping an eye on the latest inflation data, which is due to be released later this week. If inflation continues to rise, it could force the Federal Reserve to raise interest rates more aggressively, which could slow economic growth.

Despite the volatility, there are some positive signs for the stock market. Corporate earnings have been strong so far this year, and the economy is still growing. However, investors will need to keep an eye on inflation and interest rates as they weigh the outlook for the market.

Here are some of the top gainers and losers on the day:

  • Gainers:
    • EOG Resources (EOG) rose 4.2%
    • Chevron (CVX) rose 3.8%
    • Bank of America (BAC) rose 3.6%
  • Losers:
    • Tesla (TSLA) fell 4.3%
    • Netflix (NFLX) fell 3.8%
    • Meta Platforms (META) fell 3.7%

Buzzing Stocks | Infosys, Hindustan Unilever, HCL Technologies and others  in news today

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