Stock Market Today: Inflation Enthusiasm Fades, But Stocks Still End Higher

Stocks surged after this morning's reading on U.S. consumer prices for November came in lower than expected, but finished well off their highs.

stock chart
(Image credit: Getty Images)

 Stocks skyrocketed out of the gate Tuesday after the latest economic data showed inflation continued to ease in November. 

Specifically, the Labor Department this morning said its consumer price index not only grew at a slower pace than what economists were expecting, but also moderated from the growth seen in October. The data hit the wires ahead of tomorrow's highly anticipated rate-hike decision from the Federal Reserve and sent stocks notably higher to start the day. 

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. 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.