Stock market today: Dow, S&P 500 rise while Nasdaq lags as inflation print keeps Fed rate cut on track

With inflation data indicating stability, and the Fed likely to cut rates, sectors sensitive to interest rates, such as tech and consumer discretionary, may benefit. AMD’s news about layoffs might affect its growth prospects, but it continues to invest in AI. Increased confidence in a potential broader market recovery could aid major holdings such as the S&P 500 and Nasdaq technologies. Conversely, looming inflation and rate uncertainties may weigh on financials and consumer sentiment.

AMD's planned layoffs of 4% of its workforce may temporarily depress share prices due to investor concerns over growth and job cuts, particularly in a competitive environment against Nvidia. However, AMD's focus on AI-related growth opportunities could provide a potential upside if the market's anticipation for AI continues. Long-term prospects hinge on internal execution and industry developments against competitors.