Stock market today: S&P 500, Nasdaq edge higher after PPI inflation data

The Producer Price Index , which tracks price changes companies see at a wholesale level, rose 3.3% over last year , up from 3% in November .

It rose 0.2% over the previous month , also less than expected.

President-elect Donald Trump's team is considering a month-by-month rollout of promised tariff increases rather than imposing higher levels in a single move.

Quantum computing stocks rebounded Tuesday afternoon following a massive sell-off.

The dollar has surged into the new year as investors debate the future under a new administration.

Goldman Sachs' research team predicted the dollar would rise by another 5% over the coming year .

JPMorgan is expected to set another record for highest full year profits in US banking history when it reports earnings Wednesday .

Producer Price Index (PPI) shows wholesale inflation increased less than expected in December .

Excluding volatile food and energy categories, the index showed no increase in producer prices last month .

Consumer prices for December are expected to remain sticky, with core CPI expected to rise 3.3% on an annual basis.