financetom
World
financetom
/
World
/
Equity Markets Close Mixed After CPI, Inflation Data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Middle East conflict keeps markets nervous ahead of China's reopening
Middle East conflict keeps markets nervous ahead of China's reopening
Oct 7, 2024
SINGAPORE (Reuters) - Global stocks began Tuesday on a cautious note while oil prices stayed elevated as the escalating conflict in the Middle East sapped risk appetite ahead of China's highly anticipated reopening after a long holiday. The benchmark 10-year U.S. Treasury yield held above 4% in early Asia trade, as a robust U.S. labour market prompted traders to heavily...
GLOBAL MARKETS-Middle East conflict keeps markets nervous ahead of China's reopening
GLOBAL MARKETS-Middle East conflict keeps markets nervous ahead of China's reopening
Oct 7, 2024
SINGAPORE, Oct 8 (Reuters) - Global stocks began Tuesday on a cautious note while oil prices stayed elevated as the escalating conflict in the Middle East sapped risk appetite ahead of China's highly anticipated reopening after a long holiday. The benchmark 10-year U.S. Treasury yield held above 4% in early Asia trade, as a robust U.S. labour market prompted traders...
PRECIOUS-Gold flat as markets await Fed minutes
PRECIOUS-Gold flat as markets await Fed minutes
Oct 7, 2024
Oct 8 (Reuters) - Gold prices were flat in early Asian hours on Tuesday as market participants awaited minutes of the U.S. Federal Reserve's last meeting and more economic data for further clarity on policy easing this year. FUNDAMENTALS * Spot gold was little changed at $2,643.68 per ounce, as of 0013 GMT. U.S. gold futures fell 0.1% to $2,662.90....
Japan's Nikkei falls after Wall Street's weak finish
Japan's Nikkei falls after Wall Street's weak finish
Oct 7, 2024
TOKYO, Oct 8 (Reuters) - Japan's Nikkei share average retreated on Tuesday, weighed down by Wall Street's weak finish overnight and rising U.S. yields on reduced bets of another large rate cut following Friday's strong jobs report. The Nikkei was down 0.8% at 39,016.79, as of 0008 GMT, after closing 1.8% higher on Monday. The broader Topix was down 0.98%...
Copyright 2023-2025 - www.financetom.com All Rights Reserved