Are Troubling Inflation Figures Spooking the Stock Market?
The stock market was mixed on Friday, with the Nasdaq Composite (NASDAQINDEX: ^IXIC) and S&P 500 (SNPINDEX: ^GSPC) rising but the Dow Jones Industrial Average (DJINDICES: ^DJI) easing lower as of noon ET. The inflation data coming from the Bureau of Labor Statistics Friday morning was for the Producer Price Index (PPI) report, which measures prices at various stages in the production process before goods and services are offered to consumers. November's headline Producer Price Index numbers raised concerns in some investors' minds.