"S&P 500 Continues Rally, Approaches 5100 Mark"
TL;DR Summary
Stocks edged higher as the S&P 500 aimed to close above 5,000, with the S&P 500 rising 0.1% and the Nasdaq Composite leading the way with a 0.3% gain. Investors reacted positively to a revision of December inflation data, which showed lower inflation than initially reported. Well-received quarterly earnings have buoyed stocks, with PepsiCo's results taking center stage. Cloudflare and Pinterest saw stock movements after their earnings reports, while Expedia's shares tumbled almost 20% after announcing a moderation in revenue growth rates and a CEO change.
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