Bank Earnings, Producer Prices, Delta Warning: 3 Things to Watch By Investing.com – Investing.com

Bank Earnings, Producer Prices, Delta Warning: 3 Things to Watch By Investing.com – Investing.com

© Reuters.

By Dhirendra Tripathi

Investing.com -- Stocks wavered after the Federal Reserve meeting minutes showed policy makers setting a timeline for the bond taper to start as soon as the middle of next month. With a half-hour left in the trading session, the and Nasdaq were slightly higher while the Dow was down.

There are signs that inflation is persisting, with the rising 0.4% in September from the previous month, more than the expected 0.3%. Americans are paying more for food, rent and energy.

President Joe Biden on Wednesday is to announce that the Port of Los Angeles will remain open around the clock to ease the supply and logistics bottleneck that is straining the economy across the country and pushing prices for everyday goods higher.

LA’s port, and that of nearby Long Beach, which went 24/7 last month, handle two-fifths of the shipping containers that arrive in U.S. ports, many of them carrying goods manufactured or assembled in China.

Worries about the beginning of the Fed’s bond taper -- though well telegraphed for months -- weighed on U.S. stocks despite upbeat earnings reports. 

JPMorgan Chase & Co (NYSE:), the biggest U.S. bank beat estimates with record