"Stock Market Holds Breath for Inflation Data: Futures in Holding Pattern"

US stocks remained stagnant as investors awaited the release of the Consumer Price Index, with hopes for three rate cuts by the Federal Reserve diminishing due to the strong US economy. Rising 10-year Treasury yields and concerns about inflation from increasing metals prices added to the market's uncertainty. Additionally, the PC market showed signs of recovery with a 3.2% annual growth in shipments, while teen spending decreased overall but rose in the cosmetics category.