Dip buyers lost the battle in the US equity market today

  • They showed up but lost out

Closing changes:

  • S&P 500 -07%
  • DJIA -0.5%
  • Nasdaq Comp -1.1%
  • Russell 2000 -0.9%
  • Toronto TSX Comp +0.4%

The bulls bought the dip twice today but jitters ahead of tomorrow's CPI report won out and stocks finished just above the midday lows.

SPX intraday
SPX intraday

More broadly, there was a taste of the 2022 market today as oil prices and commodity producers made gains while the broader market stressed about inflation.

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