Deals
U.S. Stocks Close Little Changed as Energy Falls, Retailers Rise
- Consumer prices in October show inflation closer to Fed goal
- Retailers climb as Wal-Mart, Home Depot gain on earnings
This article is for subscribers only.
U.S. stocks were little changed as a retreat in energy shares offset higher-than-forecast earnings from Home Depot Inc. and Wal-Mart Stores Inc., while firming inflation bolstered speculation the Federal Reserve will raise interest rates next month.
Crude oil renewed a selloff a day after the commodity’s climb ignited the strongest gains among energy companies in six weeks. Today’s reversal overshadowed a rally in retailers led by Home Depot after the group’s worst weekly drop in four years.