Stock Market Today: Stocks Struggle for Direction After Inflation Data

The January CPI report showed inflation remained stubbornly high last month, all but ensuring more Fed rate hikes.

stock chart
(Image credit: Getty Images)

Stocks bounced between positive and negative territory Tuesday as investors considered whether to take the latest consumer price index (CPI) as a glass half full or a glass half empty. 

On one hand, the data showed inflation continued to cool in January. But on the other hand, the pace of moderation slowed as prices for energy, food and rent all increased. Despite the choppy session for indexes, one tech stock surged 21.2% after reporting its first-ever profit.  

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.