Stock market news live updates: January 13, 2022

Contracts on all three major indexes were flat heading into the overnight session on Wednesday after a choppy day on Wall Street that saw stocks advance modestly to close in positive territory.

Investors got a new red-hot print on inflation during earlier trading that showed another decades-high rate of price increases, one day after Federal Reserve Chair Jerome Powell indicated in his renomination testimony that the central bank would intervene as needed to ease rising prices.

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