U.S. stock indexes ended the day with mixed results as investors braced for an important consumer price index report. This comes after a producer price index release that was cooler than expected, which has influenced market sentiment.

The producer price index indicated a 0.2% increase month-to-month in December, which was below the anticipated 0.4% rise. This lower-than-expected figure has alleviated some inflation concerns and may postpone additional interest rate hikes by the Federal Reserve.

Market participants are now looking ahead to the upcoming consumer price index data, which is anticipated to offer crucial insights into inflation trends and impact Federal Reserve policy for the year. Additionally, the earnings season is about to commence, with major banks such as:

• JPMorgan
• Citigroup
• Goldman Sachs
• Wells Fargo

These institutions are set to announce their fourth-quarter results starting Wednesday.

📎 Related coverage from: businessinsider.com