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Stock market today: Dow leads stocks lower as hot inflation data pushes back rate cut hopes

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Consumer Price Index (CPI) out Wednesday showed headline consumer inflation rose more than forecast in January .

The 10-year Treasury yield (^TNX) added 10 basis points to hit just shy of 4.64% , its highest level in more than two weeks .

The market's most interest rate sensitive areas like Real Estate and the small cap Russell 2000 fell about 0.7% , lagging the 0.4% drop in the S&P 500.

Housing inflation pressures intensified in January from previous month .

New and used car prices were mixed to start the year in January ’s Consumer Price Index (CPI) reading.

Overall prices in the US rose 0.5% over the previous month , the largest monthly headline increase since August 2023 .

CVS reported fourth quarter and full-year 2024 earnings beat Wall Street's expectations.

Consumer Price Index (CPI) rises more than expected in January .

S&P 500 at risk of falling 2% if inflation runs hot, according to JPMorgan Market Intelligence .

President Trump tweets "BIDEN INFLATION UP!" after inflation data comes out.