Stocks Tick Higher Ahead of Inflation Data

First Look

Stocks are a few ticks above the break-even mark Wednesday morning. March's Consumer Price Index reading is schedule to be released later this morning, which will give traders an update on the battle against inflation and possibly shed some light on the forward path of interest rates. The Dow Jones is up 0.15%, the S&P is up 0.09%, and the Nasdaq is up 0.05%.

Today's Sentiment

Quote of the Day

An honest man speaks the truth, though it may give offence; a vain man, in order that it may.
William Hazlitt

Stocks on the Move

International Markets

Stocks in Asia are mixed. The Hang Seng is up 0.57%, the Australia ASX All Ordinaries is up 0.31%, the Shanghai SE Composite Index is up 0.05%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.08%, and the Nikkei 225 is down 0.48%. In Europe, stocks are up. The Euro Stox 50 is up 0.86%, the FTSE 100 is up 0.8%, the DAX is up 0.8%, and the CAC 40 is up 0.61%.

Futures & Currencies

Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.24 at $85.63 per barrel. Brent crude is flat $0 at $89.83 per barrel. Natural Gas is up $0.04 at $1.92. Precious metals are mixed this morning. Gold is down $4.66 at $2348.25 per ounce. Platinum is up $12 at $984, while silver is down $0.06 at $28.1. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen, and down against the Pound. Bitcoin is down 2.68% to $68,905.09, while Ethereum is down 3.37% to $3,518.70.

Put/Call Ratio

Yesterday, 3,831,165 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,029,245 put contracts. The single-session put/call ratio was 1.05.

Today's Economic Calendar

Earnings Expected Today