The Day Ahead: February Inflation Data and Earnings Season Continues

Closing Bell

And let's look ahead of the events. Sure to move markets tomorrow. We're gonna be watching on February's consumer price index data for the latest gauge of inflation. A report showing higher than expected inflation could put pressure on the fed to raise its pace of rate hikes next week despite the failures of SVB and signature bank. Last month's data showing inflation rose half a percent in January from the month before 6.4% from the same time a year ago, which was higher than expected and still well above the feds long term target. We're also going to get the latest U S Small Business confidence reading released by the National Federation of Independent Business that index rising slightly last month as worries about inflation eased, but it was still the 13th consecutive month that it remained below the five decade average and earning season. Continuing with a report from Lenore, the Home Construction Company posting a beat on the top and the bottom lines in its latest quarter. Tomorrow said to report results from its first fiscal quarter of 2023. While lin ours fiscal first quarter home sales expected to have decreased from a year ago amid ongoing challenges in the construction industry that includes dr demand as well as accelerating mortgage rates. Shares of LEN are adding the day at 1.6% despite a volatile market so pretty good.