"Investors Brace for Inflation Data as Stock Market Wavers"

Wall Street's main indexes were mixed as investors awaited crucial inflation and economic data to gauge the timing of rate cuts from the Federal Reserve. The focus is on the release of January's personal consumption expenditures price index (PCE) on Thursday, which could impact the Fed's monetary policy. Traders are closely monitoring reports on GDP, jobless claims, and manufacturing activity to determine the state of the economy. U.S. consumer confidence retreated in February, and orders for long-lasting U.S. manufactured goods fell more than expected in January. Viking Therapeutics and Norwegian Cruise Line Holdings saw significant stock movements based on company-specific news.