Stock market today: S&P 500, Nasdaq reverse early gains after PPI inflation data
Published On Jan 14, 2025, 11:27 AM
The U.S. stock market showed mixed performance on Tuesday with the S&P 500 and Nasdaq reversing early gains after the Producer Price Index (PPI) inflation data indicated that prices rose less than expected in December. The PPI rose 3.3% year-over-year, which was below economists' expectations, and increased only 0.2% month-over-month. Additionally, the incoming Trump administration's plan to raise tariffs gradually to ease inflation concerns has heightened market uncertainty about future inflationary pressures. KB Home's shares rose after reporting fourth quarter earnings that beat expectations, indicating resilience in the housing market despite high mortgage rates.
Stock Forecasts
KBH
Positive
The mixed performance in the stock market amidst lower-than-expected inflation data could suggest future volatility. Investors should be cautious as the ongoing discussions about tariffs and inflation could significantly impact market behavior. However, the positive earnings report from KB Home indicates potential strength in the housing sector, which could present investment opportunities.
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