U.S. stock markets wavered today as investors reacted to a mixed bag of economic indicators. Recent data releases have presented a somewhat contradictory picture of the economy, contributing to market volatility.

On the positive side, reports showed an increase in manufacturing activity, suggesting continued growth in the industrial sector. However, these gains were tempered by concerns over rising inflation, fueled by higher energy prices. Consumer spending data also presented a mixed picture, with some indicators suggesting resilience while others pointed to a potential slowdown.

The conflicting signals have left investors uncertain about the near-term outlook for the economy. Some analysts believe that the economy remains on a solid growth path, while others worry about the potential for a slowdown or even a recession.

The market’s reaction has been muted, with major indices trading in a narrow range. Investors are likely waiting for further clarity on the economic outlook before making any major moves. Upcoming releases on employment, housing, and inflation will be closely watched for further clues.