Stocks React to Inflation Data, Recalls, and Fed Decision

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Source: Investor's Business Daily
Stocks React to Inflation Data, Recalls, and Fed Decision
Photo: Investor's Business Daily
TL;DR Summary

The Dow Jones Industrial Average was poised to end its four-day winning streak as inflation data showed a slowdown in prices, while investors awaited the Federal Reserve's decision on interest rates. Tesla's stock declined after the company announced a recall of over two million vehicles due to concerns about its Autopilot system. The Producer Price Index for November came in unchanged, below expectations, indicating cooling inflation. The Fed is expected to keep rates unchanged, and comments from Fed Chair Jerome Powell are scheduled for later in the day.

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