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Stock market today: Wall Street drifts lower as it waits for inflation data

U.S. stock indexes are drifting lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. Tech titan Oracle dragged on the market and sank 7.8% after reporting growth for the latest quarter that fell just short of analysts’ expectations. Oracle’s stock had already leaped nearly 81% for the year coming into Tuesday, which raised the bar of expectations for its profit report.

Wall Street mixed, dollar climbs ahead of inflation report

Global equities were down and Wall Street indexes were mixed Tuesday and the dollar rose, as investors awaited fresh inflation data and further economic news later in the week. Gold prices hit a two-week high, boosted by rising geopolitical tensions and expectations of a third U.S. rate cut by the Federal Reserve next week. Traders awaited U.S. inflation data due on Wednesday and a meeting by the European Central Bank on Thursday.