Stock Market Today: Hotter-Than-Expected Inflation Data Keeps Lid on Stocks

This morning's reading on U.S. supplier prices for November came in higher than expected.

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(Image credit: Getty Images)

Stocks ended the week on a down note following a disappointing reading on inflation. The Labor Department said earlier that the producer price index (PPI), which measures what suppliers are charging businesses and other customers for goods and services, was up 7.4% year-over-year in November and 0.3% month-over-month. Ahead of next week's Fed meeting, investors were hoping for a bigger sign that inflation is easing, and that was reflected in today's price action. 

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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.