Stock market today: Dow pops, Nasdaq slips as focus turns to CPI inflation report
Published On Jan 14, 2025, 4:51 PM
US stocks finished mixed on Tuesday, influenced by inflation data showing lower than expected price increases in December and potential gradual tariff increases by the incoming Trump administration aimed at easing inflation. The Producer Price Index (PPI) data provided some positive signals for the market as it rose only 3.3% year over year. Investors are awaiting Wednesday's Consumer Price Index (CPI) report, which is expected to show persistent inflation. Meanwhile, stocks like the Dow Jones rallied, while technology stocks faced slight declines.
Stock Forecasts
META
Negative
Meta's announcement of job cuts and underperforming sales have spooked investors, leading to a drop in stock prices. This negative sentiment around job reductions may continue to attract bearish attitudes towards the company's performance, particularly as it navigates through questions of corporate productivity and growth.
RGTI
Positive
The rebound in quantum computing stocks signals increased investor confidence in the long-term potential of this technology sector despite earlier skepticism from tech leaders. The encouraging comments from analysts about growth prospects could lead to further stock price increases as investment interest re-emerges.
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