Stock Market Today: Stocks Close Higher Ahead of December CPI Report

The main indexes gained ground as Wall Street awaits a critical inflation update.

blue stock market chart with teal bars going up
(Image credit: Getty Images)

Stocks closed higher Wednesday as investor sentiment remained upbeat ahead of this week's key inflation report and the start of fourth-quarter earnings season.  

The Street will get the final Consumer Price Index (CPI) figures for 2023 ahead of tomorrow's opening bell. Most economists expect the headline December CPI will be slightly higher on an annual basis vs November, while core CPI, which excludes volatile food and energy prices, will be slightly lower.

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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.