Dow Jones holds near 49,500 after cooler CPI; Fed minutes and GDP/PCE loom after Presidents Day
The Dow Jones Industrial Average edged up 48.95 points, or 0.1%, to close at 49,500.93 on Friday, with a milder inflation reading helping to calm Wall Street after a steep AI-driven selloff. U.S. stock and bond markets will be shut on Monday, Feb. 16, for Presidents Day. “It’s still too high, but only for now, not forever,” said Brian Jacobsen, chief economic strategist at Annex Wealth Management, referring to inflation.
