Stock market today: Dow pops, Nasdaq slips as focus turns to CPI inflation report
Published On Jan 14, 2025, 4:51 PM
US stocks had a mixed closing on Tuesday amid investor reactions to a less-than-expected rise in producer prices, a precursor to the consumer price index report expected Wednesday. The Dow Jones rose about 0.5%, while the S&P 500 gained 0.1% and the Nasdaq fell 0.2%. Investors are awaiting a critical consumer price report that is expected to show core inflation remaining sticky, which may influence Federal Reserve's interest rate strategies. Additionally, discussions around new tariffs by the incoming Trump administration could further affect inflation and market expectations.
Stock Forecasts
KBH
Positive
With the anticipation that the CPI will show persistent inflation, the Federal Reserve may maintain or increase interest rates, which could negatively impact market performance, particularly for stocks with high international exposure due to a strengthening dollar and increased costs from tariffs. Stocks like KB Home, which showed resilience in earnings despite market uncertainties, could see positive performance due to strong demand and operational adjustments.
LLY
Negative
As the healthcare sector feels pressure from underperforming drug sales, particularly Eli Lilly's disappointing sales forecast, this is likely to negatively influence healthcare stocks overall, leading to a lower expected growth trajectory for companies in this space.
JPM
Positive
JPMorgan has shown resilience and growth in share value amidst management shifts and a solid forecast for profits. This indicates a stable investment opportunity going forward, especially during earnings reports that could reflect continued strong banking performance despite economic challengers.
Related News
JPMorgan reshuffling creates new questions about who succeeds Jamie Dimon
Jan 14, 2025, 10:36 AM
JPMorgan elevated Jennifer Piepszak to COO as part of a new management reshuffling announced Tuesday, but the nation’s largest bank said that Piepszak doesn’t want to succeed Jamie Dimon as CEO.
JPMorgan Chase exec Daniel Pinto, longtime No. 2 to Jamie Dimon, will step down in June
Jan 14, 2025, 8:58 AM
Pinto has worked at JPMorgan and a predecessor firm for more than four decades.
Stock market today: S&P 500, Nasdaq reverse early gains after PPI inflation data
Jan 14, 2025, 11:27 AM
Investors are weighing what a reported gradual rollout of Trump tariff hikes could mean for inflation and the Fed.