Stock Market Update

[BRIEFING.COM] The stock market has moved mostly sideways at the index level in recent trading.

Worries about sticky inflation following Friday's stronger-than-expected December employment report are still in play today. Inflation worries have been stoked further by rising oil prices ($77.63/bbl, +1.05, +1.4%).

Earlier, the NY Fed's December 2024 survey shows that inflation expectations are mixed across time horizons. Median inflation expectations were unchanged at 3.0% at the one-year-ahead horizon, increased to 3.0% from 2.6% at the three-year-ahead horizon, and declined to 2.7% from 2.9% at the five-year-ahead horizon.