{"id":6033,"date":"2023-05-09T00:29:07","date_gmt":"2023-05-09T04:29:07","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/u-s-stocks-are-falling-as-investors-await-cpi-report-for-april\/"},"modified":"2023-05-09T00:29:08","modified_gmt":"2023-05-09T04:29:08","slug":"u-s-stocks-are-falling-as-investors-await-cpi-report-for-april","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=6033","title":{"rendered":"U.S. stocks are falling as investors await CPI report for April"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p dir=\"ltr\">Investing.com &#8212; U.S. stocks were falling ahead of the consumer price index report for April, due out on Wednesday.<\/p>\n<p dir=\"ltr\">At 11:15 ET (15:15 GMT), the  was down 58 points or 0.2%, while the  was flat and the  was down 0.1%.<\/p>\n<p dir=\"ltr\">Investors will take in the  report as they assess the Federal Reserve\u2019s progress in bringing down inflation. Analysts expect prices to rise 5% from the same month last year, the same pace as March and still well above the Fed\u2019s 2% target.<\/p>\n<p dir=\"ltr\">Many futures traders expect the  will pause its rate hikes at the June meeting after raising by another quarter of a percentage point last week.<\/p>\n<p dir=\"ltr\">Shares of regional lenders such as <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> PacWest Bancorp <\/span><\/span> (NASDAQ:) and Western Alliance Bancorporation (NYSE:) were rising on Friday as fears about the banking system started to fade. PacWest was up nearly 5%, while Western Alliance rose 0.7%.<\/p>\n<p dir=\"ltr\">This week also brings reports on , new , and consumer sentiment.<\/p>\n<p dir=\"ltr\">President Joe Biden and congressional leaders are scheduled to meet at the White House on Tuesday to hash out differences on the debt ceiling, which Congress needs to raise or suspend in the next few weeks or risk the U.S. defaulting on obligations.<\/p>\n<p dir=\"ltr\">Earnings this week include reports from Walt <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Disney <\/span><\/span> (NYSE:) and PayPal (NASDAQ:).<\/p>\n<p dir=\"ltr\">Shares of <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> DISH Network <\/span><\/span> Corporation (NASDAQ:) rose 3% after it  lower than expected first quarter revenue. Tupperware Brands Corporation (NYSE:) shares fell 20% after the maker of storage containers said it tapped investment bank Moelis (NYSE:) to explore strategic alternatives.<\/p>\n<p dir=\"ltr\">Oil rose.  was up 2.3% to $73 a barrel, while  crude rose 2% to $76.80 a barrel.  was up 0.3% to $2,033.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/us-stocks-are-muted-as-investors-await-cpi-report-for-april-3075918\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Investing.com &#8212; U.S. stocks were falling ahead of the consumer price index report for April, due out on Wednesday. At 11:15 ET (15:15 GMT), the was down 58 points or 0.2%, while the was flat and the was down 0.1%. Investors will take in the report as they assess the Federal Reserve\u2019s progress [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-6033","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. stocks are falling as investors await CPI report for April | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Investing.com -- U.S. stocks were falling ahead of the consumer price index report for April, due out on Wednesday. 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