Stocks are slowly working their way back from an opening slip. Financials are still out in front, although the sector trades with a gain of only 0.2%.
The dollar is down for the first time in several days. Its greatest loss has come against the British pound, which is up 0.7% to $1.615 following news that the CPI for the United Kingdom increased by 4.0% in January.
Business inventory data for December was just released. Inventories reportedly increased by 0.8% after a 0.4% increase in the prior month. The data has done little to move the broader market.
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