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Jan. 13, 2021, 9:35 a.m. EST

Dow struggles for altitude Wedneday morning as investors await Trump's second impeachment vote in the House

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By Mark DeCambre

U.S. stock benchmarks opened flat to slightly lower Wednesday morning after a report on inflation and ahead of a crucial House vote on impeaching President Donald Trump for a second time one week before he is set to leave office on Jan. 20. The Dow Jones Industrial Average [: DJIA] rose 25 points, or less than 0.1%, to trade at 31,091, the S&P 500 index /zigman2/quotes/210599714/realtime SPX -2.45% gained 3 points, or less than 0.1%, to reach around 3,805, the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -3.52% advanced 18 points, or 0.2%, to 13,093. The Democratic-controlled House is expected to vote later in the afternoon to impeach Trump for his role in encouraging a violent mob last week to attack the Capitol. A reading on inflation, the consumer-price index, was relatively tame, rising 0.4% in December, while the core index minus volatile food and energy prices was up 0.1%, matching the MarketWatch consensus. The annual headline number ticked up to 1.4%, but the core reading remained at 1.6%. The headline CPI number has now risen for seven months straight. In corporate news, shares of Shares of Plug Power Inc. [: PLUG] were higher, after more than doubling over the past few days. Meanwhile, Target Inc. /zigman2/quotes/207799045/composite TGT -1.07% is in focus after the big-box retailer reported that same-store sales rose 17.2% during the November/December holiday period, as traffic increased by 4.3% and average ticket rose 12.4%. Separately, Intel said that its CEO Bob Swan is stepping down effective Feb. 15, and will be replaced by VMWare CEO Pat Gelsinger will take over the position, sources told Faber.

/zigman2/quotes/210599714/realtime
US : S&P US
3,829.34
-96.09 -2.45%
Volume: 2.92B
Feb. 25, 2021 5:19p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
13,119.43
-478.54 -3.52%
Volume: 5.47M
Feb. 25, 2021 5:16p
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/zigman2/quotes/207799045/composite
US : U.S.: NYSE
$ 185.08
-2.00 -1.07%
Volume: 4.35M
Feb. 25, 2021 4:03p
P/E Ratio
24.52
Dividend Yield
1.47%
Market Cap
$93.68 billion
Rev. per Employee
$212,261
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