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Equity Markets Close Mixed After CPI, Inflation Data
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Equity Markets Close Mixed After CPI, Inflation Data
Jul 15, 2025 2:05 PM

04:51 PM EDT, 07/15/2025 (MT Newswires) -- US benchmark equity indexes closed mixed on Tuesday as investors parse the latest consumer price index and inflation data.

The Nasdaq was up 0.3% to 20,708.65 while the S&P 500 decreased 0.2% to 6,253.67. The Dow Jones Industrial Average fell 0.8% to 44,090.47. Among sectors, technology was the lone gainer, with materials and healthcare falling the most.

US Treasury yields were higher, with the 10-year rate gaining 5.1 basis points to 4.49% and the two-year rate rising 4.2 basis points to 3.96%.

August West Texas Intermediate crude oil fell 0.5% to $66.66 a barrel on Tuesday.

In economic news, the consumer price index rose 0.3% month-over-month in June, the Bureau of Labor Statistics reported Tuesday. This was in line with an estimate from a Bloomberg-compiled survey, but above the 0.1% gain in May. Annually, inflation accelerated to 2.7% from 2.4%, faster than the 2.6% consensus.

"Inflationary pressures heated up in June, as tariff impacts helped to push goods prices higher - even after accounting for the pullback in vehicle prices - while services inflation also gained some momentum following softer readings in two of the prior three months," Thomas Feltmate, senior economist at TD Economics, said in a note.

Core inflation, which excludes the volatile food and energy components, grew 0.2% from 0.1%, month-to-month, below the 0.3% forecast. The annual core measure came in at 2.9%, in line with market projections.

"Looking ahead, we expect tariff passthrough to intensify through the summer, as pre-tariff inventory stockpiles are drawn down, and businesses are forced to restock under significantly higher import duties," Feltmate said. "But the degree of tariff passthrough remains uncertain."

In company news, Advanced Micro Devices ( AMD ) was among the top gainers in the S&P 500, with share up 6.4%. The company plans to resume MI308 chip shipments to China after export license applications advanced with the US Commerce Department, a spokesperson confirmed to MT Newswires.

Nvidia ( NVDA ) secured a "monster win" as the US government assured that licenses for the H20 graphic processing units sales in China will be granted, Wedbush Securities said. The tariff war halted H20 sales, and Wedbush said this cost Nvidia ( NVDA ) about $8 billion in quarterly sales. Nvidia ( NVDA ) was up 4%.

State Street (STT) was the worst performer on the S&P 500, with shares down 7.3% after the company's Q2 diluted earnings of $2.17 fell short of analysts' estimates.

Gold decreased 0.7% to $3,334.70 per troy ounce, and silver was down 1.7% to $38.08 per troy ounce.

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