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March 12, 2024

Wall Street quiet ahead of inflation report

By STAN CHOE
AP Business Writer

NEW YORK — U.S. stock indexes held roughly in place Monday ahead of an inflation report that could show how realistic Wall Street's hopes for easier interest rates are.

The S&P 500 slipped 5.75 points, or 0.1%, to 5,117.94, coming off just its third losing week in the last 19. It's still near its all-time high set Thursday, buoyed by expectations that cuts to interest rates are coming this year and by signals that the economy remains remarkably resilient.


 
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