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Stock Market Today Stocks Finish Lower After Inflation Data Fed Minutes

Today's loss extended lengthy losing streaks for the Nasdaq and the S&P 500. (opens in new tab) (opens in new tab) (opens in new tab) Newsletter sign up Newsletter (Image credit: Getty Images) By Karee Venema published 12 October 2022 Wednesday's choppy trading ended with a loss for stocks. Modest declines for the Nasdaq Composite (-0.1% at 10,417) and the S&P 500 Index (-0.3% at 3,577) had the two indexes extending their losing streaks to six days, while the Dow Jones Industrial Average shed 0.1% to 29,210.

9 Top Energy ETFs to Buy Now In focus today was September's producer price index (PPI), which showed wholesale inflation rose at a faster-than-expected pace last month. Meanwhile, core PPI, which excludes volatile food and energy prices, posted its largest month-over-month increase since May. Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.

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Profit and prosper with the best of Kiplinger's expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of Kiplinger's expert advice - straight to your e-mail. Sign up The inflation data came ahead of this afternoon's release of the minutes from the Federal Open Market Committee's (FOMC) September meeting, when the central bank issued its third consecutive 75 basis-point rate hike (a basis point = 0.01%). The minutes showed red-hot inflation is still top of mind for the Fed, and confirmed that the central bank "needed to move to, and then maintain, a more restrictive policy stance" in order to ease price pressures.

Not All Dividend Stocks Are Created Equal

Today's PPI report makes tomorrow's release of the consumer price index (CPI) all that more critical, especially as the Federal Reserve continues to be concerned about stubbornly high inflation. "No doubt the Fed still has its work cut out for them, and if tomorrow's CPI read is hot, don't be surprised to see some investors come to grips with how long the road to tamer inflation may be," says Mike Loewengart, head of portfolio construction at Morgan Stanley Global Investment Office.

What is a Single-Stock ETF? We've talked in this space many times about how investors can protect their portfolios against potential volatility in the market, including with dividend stocks. But not all dividend payers are created equal. "Too often people are drawn to the allure of a high yield, not realizing the company doesn't have the financial strength to pay the same level of dividend into the future," says Austin Graff, co-chief investment officer and portfolio manager of the TrueShares Low Volatility Equity Income ETF (DIVZ). "Combine that with the fact that we have entered a new paradigm in the market, from extremely easy money policy to tighter monetary policy, the dividend yields of companies that rely on heavy debt loads become suspect." As such, it's important for investors to focus on high-quality dividend stocks, which can often be found in companies consistently growing their payouts. The obvious place to start is with the Dividend Aristocrats, an elite group of S&P 500 stocks that have raised their dividends for 25 straight years. There are also the Dividend Kings – the crème de la crème of dividend growers that have hiked their payouts for at least 50 consecutive years. Check them out.

What's Next for Stocks? The Pros Weigh In Explore More Stock Watch Markets Stock Market Today Karee VenemaContributing Editor, Kiplinger.comWith over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis. Latest 4 Ways You Can Take Advantage of a Down Market With markets down for the year, it may seem that all the news is bad. But now could be a good time to make some profitable moves. By Adam Grealish • Published 11 November 22 New, Used or Leased: Is Now the Time to Buy an Electric Vehicle? The Inflation Reduction Act created new tax breaks for electric vehicles. Here's a guide to which EVs count and the best time to buy. By Rivan V. Stinson • Published 11 November 22 You might also like Stock Market Today: Stocks Lift Off After Encouraging Inflation Report The major market indexes rallied to their best day in two years after data showed inflation slowed in October. By Karee Venema • Published 10 November 22 Stock Market Today: Stocks Snap Win Streak as Midterm Results Roll In A continued selloff in cryptocurrencies and crypto-related stocks put pressure on the broader market today, too. By Karee Venema • Published 9 November 22 Stock Market Today: Huge Crypto Deal Shakes Up Nasdaq News that crypto exchange Binance will buy its rival sent Bitcoin and several tech stocks into a tailspin. By Karee Venema • Published 8 November 22 Stock Market Today: Stocks Rise Ahead of Midterms The Dow outperformed thanks to a major M&A-related boost for drugstore chain Walgreens Boots Alliance. By Karee Venema • Published 7 November 22 Stock Market Today: Stocks Swing Wildly After October Jobs Data The major indexes ended with their first win of the week thanks to the latest jobs report. By Karee Venema • Published 4 November 22 Kiplinger's Weekly Earnings Calendar (Nov. 7-11) stocks Check out our earnings calendar for the upcoming week. By Karee Venema • Last updated 9 November 22 Stock Market Today: Stocks Fall Again as Fed Hangover Persists The major market indexes notched a fourth straight loss as Powell's rate-hike warning kept investor sentiment in check. By Karee Venema • Published 3 November 22 Stock Market Today: Stocks Post-Fed Pop Reverses After Powell Takes the Mic It was a volatile session on Wall Street as investors parsed over the Fed's latest policy statement and Powell's presser. By Karee Venema • Published 2 November 22 View More ▸ kiplinger About Us (opens in new tab) Terms and Conditions (opens in new tab) Privacy Policy (opens in new tab) Cookie Policy (opens in new tab) Kiplinger is part of Future plc, an international media group and leading digital publisher. Visit our corporate site.
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