Best Buy stock slides nearly 5% as CPI looms; what BBY traders watch next
Best Buy shares fell 4.9% to $67.17 Monday, nearing session lows ahead of Tuesday’s U.S. inflation report. The S&P 500 and Dow closed at record highs. Investors are watching whether tight credit and heavy promotions are hurting demand for electronics. December CPI data is due at 8:30 a.m. ET Tuesday.