Stock Market Update

[BRIEFING.COM] The major indices are in a sideways flow ahead of the close. 

Treasuries settled mixed after a choppy response to the CPI report for October, which showed in-line headline (0.2%) and core (0.3%) readings. The 10-yr yield, which is most sensitive to inflation expectations, settled two basis points higher at 4.45%. The 2-yr yield, which is most sensitive to changes in the fed funds rate, settled four basis points lower at 4.28%.

Thursday's economic data features:

• 8:30 ET: October PPI (Briefing.com consensus 0.2%; prior 0.0%) and Core PPI (Briefing.com consensus 0.3%; prior 0.2%), Weekly Initial Claims (Briefing.com consensus 220,000; prior 221,000), and Continuing Claims (prior 1.892 mln)
• 10:30 ET: weekly natural gas inventories (prior +69 bcf)
• 11:00 ET: Weekly crude oil inventories (prior +2.15 mln)