Dow Jones holiday pause: CPI cools, Fed minutes and Walmart earnings loom
U.S. markets were closed Monday for Presidents Day after the Dow rose 48.95 points to 49,500.93 on Friday, while the Nasdaq slipped. Consumer prices rose 2.4% year-on-year in January, down from 2.7% in December. The Federal Reserve kept its key rate unchanged at 3.5%–3.75%. Stock index futures implied a 68% chance of a Fed rate cut in June.