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(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit
The tech-heavy Nasdaq was up 0.7%, while the S&P 500 gained 0.2%. The Dow wobbled near the flatline, with the blue-chip index oscillating between slight gains and losses throughout the session. The financial sector followed, on track to close at an all-time high, driven by strong earnings reports from some of the top banks.
The dollar slid Tuesday after a drop in US inflation dented expectations of an interest rate hike later this month.Earlier Tuesday, the market saw a roughly 40 percent probability of a US interest rate hike this month, but that fell to 13 percent after the CPI data was published.
Yahoo Finance's Markets and Data Editor Jared Blikre and Senior Business Reporter Brooke DiPalma join Julie Hyman on Market Catalysts to break down the June Consumer Price Index (CPI) report, what it means for the Federal Reserve's rate-cut outlook, and how Fed Chair Kevin Warsh's testimony could shape expectations for monetary policy.
Fresh economic data showing consumer prices fell in June sent stocks mostly higher at Tuesday's opening bell. The tech-heavy Nasdaq was up 0.4%, while the S&P 500 gained 0.2%. The Dow was up 0.2%, or 83 points.
The Dow is caught in a tug-of-war between strong bank earnings and IBM's historic drop. The Dow's top performer was Goldman Sachs, which popped 5.5% after reporting record results. Goldman is the heaviest weighted component in the Dow.
June CPI came in at 3.5% annually, below the 3.8% economists expected, but rising oil prices and an IBM warning capped gains
Middle East tensions are rattling markets, putting Nexa Resources, Stone, General Motors and Invesco in focus as low-P/CF value picks.
Bond yields dropped sharply and Nasdaq futures climbed after a cooler-than-expected inflation report this morning. Futures for the S&P 500 and Nasdaq-100 index rose, while those tied to the Dow industrials edged lower.
Investing.com - U.S. stock index futures pared early losses to trade near the flatline on Tuesday as investors shifted their focus from geopolitical tensions in the Middle East to the start of the second-quarter earnings season, led by major Wall Street banks.
Industrial distributor Fastenal reported second-quarter earnings per share of 33 cents, in line with Wall Street estimates.
Tesla stock was wobbling at the start of Tuesday trading as investors mulled over what a couple of Wall Street price target hikes could do for it. Shares of the electric-vehicle maker were up 14 cents in premarket trading at $394.90, while and futures were down 0.1% and 0.3%, respectively. The move came after Morgan Stanley, Barclays, and Wells Fargo all bumped their price targets for Tesla stock.
Stock Market Today: The Dow Jones index dropped Tuesday ahead of the June CPI inflation report. IBM stock plunged 23% on earnings.
Dow Jones banks JPMorgan Chase, Goldman Sachs detailed Q2 results on Tuesday. JPM stock slides away from a buy zone.
Wall Street looked set for a mixed open as investors digested a 23% plunge in IBM shares, another jump in oil prices and the start of the second-quarter earnings season. Dow Jones futures were down 281 points, or 0.5%, while S&P 500 futures were 0.1% lower. Nasdaq futures were pointing...
By Ragini Mathur and Avinash P July 14 (Reuters) - S&P 500 and Dow futures fell on Tuesday in choppy trading as investors sifted through earnings reports from Wall Street's biggest banks, while IBM
Stock futures pointed in different directions Tuesday as rising energy prices, bank earnings, and key inflation data competed for investor attention
Wall Street futures were mixed pre-bell Tuesday as tech shares somewhat recovered from Monday's rout
Market pulses were elevated on Tuesday as Wall Street contended with surging oil prices amid renewed fighting in the Middle East and braced for key economic indicators from the Consumer Price Index and the Fed, and earnings from America's big banks. The Cboe Volatility Index, or Vix, rose 1% to 17.32. The widely watched gauge takes the temperature of Wall Street and any reading above 20 tends to indicate increased market volatility.
Tech stocks were on course to pare back some of their recent losses on Tuesday, although the broader market looked set to struggle as investors fretted about the flare-up in tensions between the U.S. and Iran. Nasdaq 100 futures climbed 0.3%. Dow Jones Industrial Average futures fell 137 points, or 0.3%.
An expected decline in headline inflation for June doesn't tell the full story.