S&P 500 : Tesla Tumbles, CVS Surges as Merchants Await CPI and Fed Outlook…
Market Outlook: CPI and Fed Indicators in Focus
Inventory futures confirmed little path forward of the CPI report, as merchants held again from main strikes. On Tuesday, the S&P 500 ended the session flat, the Nasdaq slipped zero.four%, and the Dow climbed zero.three%.
Past inflation knowledge, buyers are intently watching company earnings. Lyft shares plunged 12.four% after issuing weak steerage, whereas Tremendous Micro Laptop surged 7.6% on optimism about its capacity to file overdue regulatory studies.
If inflation is available in hotter than anticipated, bond yields might rise, pressuring equities. A softer CPI studying might reignite hopes for mid-year fee cuts, offering aid to progress shares. With inflation dangers, Fed coverage uncertainty, and ongoing earnings reactions at play, merchants ought to brace for heightened market volatility.
Extra Info in our Financial Calendar.
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