US Stocks Dip Despite Strong Jobs Report, Inflation Data Looms

• US indices closed lower on Wednesday, with Dow, S&P 500, and Nasdaq seeing marginal declines.
• Initial gains followed a strong nonfarm payrolls report showing higher-than-expected job growth in January and a drop in unemployment to 4.3%.
• Gains faded as traders reduced bets on Federal Reserve interest rate cuts.
• Investors now focus on the January Consumer Price Index inflation report due Friday.
• Microsoft and Alphabet dragged S&P 500 down, while Generac shares surged 18% despite missed projections due to growing data-center demand.