Stock Market Update

[BRIEFING.COM] The major averages remain little changed from previous levels shortly before the close. 

In addition to another sizable batch of earnings reports, the market anticipates tomorrow's release of the January CPI (Briefing.com consensus 0.3%; prior 0.3%) and Core CPI (Briefing.com consensus 0.3%; prior 0.2%) readings. With recent labor market readings tilting positive, a surprise to the upside could further stymie the market's expectations for its next rate cut from the Fed.