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 >
METALS-Copper hits over two-month low as demand woes linger
METALS-Copper hits over two-month low as demand woes linger
Jun 27, 2024
(Updates prices) June 27 (Reuters) - Copper futures slipped on Thursday, a firmer dollar and uncertainty over economic recovery in top consumer China pushed prices of the red metal to a more than two-month low. Three-month copper on the London Metal Exchange was down 0.5% at $9,494.50 per metric ton, as of 0701 GMT, its lowest since mid April. After...
European shares flat ahead of economic data, French elections; H&M slides
European shares flat ahead of economic data, French elections; H&M slides
Jun 27, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) June 27 (Reuters) - European shares were little changed on Thursday as investors refrained from making large bets ahead of crucial global economic data and French elections later in the week, while H&M slid after missing quarterly profit estimates. The...
GLOBAL MARKETS-Asia stocks falter, yen slump keeps markets on intervention alert
GLOBAL MARKETS-Asia stocks falter, yen slump keeps markets on intervention alert
Jun 27, 2024
(Updates prices) By Tom Westbrook SINGAPORE, June 27 (Reuters) - Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen's slide past 160-per-dollar had currency traders bracing for Japan to step in and steady it. The dollar made six-week highs on sterling and the kiwi and at 160.4 yen traded just shy of Thursday's...
EMERGING MARKETS-Philippine peso, equities steady after cenbank holds rates
EMERGING MARKETS-Philippine peso, equities steady after cenbank holds rates
Jun 27, 2024
(Updates as at 0704 GMT) * Most Asian currencies largely unchanged * Philippine c.bank holds rates steady * Philippine c.bank says rate cut in August is possible * U.S. PCE inflation data in focus By Roshan Thomas June 27 (Reuters) - The Philippine peso and equities in Manila maintained their modest gains after the central bank kept its interest rate...
Copyright 2023-2026 - www.financetom.com All Rights Reserved