Stock market today: S&P 500, Dow, Nasdaq fall as CPI inflation eases, JPMorgan kicks off earnings
View original at finance.yahoo.comStock market today: S&P 500, Dow, Nasdaq fall as CPI inflation eases, JPMorgan kicks off earnings US stocks fell on Tuesday as a milder inflation reading supported bets that the Fed would stick to expectations for interest rate cuts, while JPMorgan (JPM) results kicked off the fourth quarter earnings season…
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CPI report showed inflation pressures remained steady last month, with annual headline rate of 2.7% and monthly rate of 0.3%
80% confidenceCharacterized the DOJ probe as political pressure from President Trump
80% confidenceWith less fear priced in, it is more difficult to see relief rallies on earnings days
80% confidenceCore consumer prices came in below forecasts at 0.2% over last month and 2.6% over last year, marking the lowest annual rise since early 2021
80% confidenceRaised rating on Intel to Overweight from Sector Weight due to strong demand for their central processing units
80% confidenceAverage implied earnings day stock move is 4.5% in either direction, below the long-term average
80% confidenceI don't agree with everything that the Fed has done. I do have enormous respect for Jay Powell, the man. Everyone we know believes in Fed independence, and so do we. And anything that chips away at that is probably not a great idea. And in my view, it will have the reverse consequences. It will raise inflation expectations and probably increase rates over time.
80% confidenceFederal Reserve chair Jerome Powell is either 'incompetent' or 'crooked'
80% confidenceCompany will work to make sure towns and cities near its data center development sites are not adversely affected
80% confidenceUtility, healthcare, materials, and industrial stocks have been making the most unusually large moves on earnings-day in recent quarters
80% confidenceGrowth in the premium business and lack of certain headwinds would propel its business forward in 2026
80% confidence
