Markets mixed as CPI data weighs; banks and chips diverge
By Market Pulse ·
- The S&P 500 and Nasdaq slipped while the Dow moved higher amid mixed bank earnings and inflation concerns. Barrons
- Indices: The Dow was up 0.4%, the S&P 500 up 0.2%, and the Nasdaq 100 down 0.1% Barrons - Financials: Bank of America and JPMorgan missed earnings expectations, dragging sector performance despite Goldman Sachs rising 4% on strong trading results MarketWatch, Yahoo Finance - Chip stocks: AMAT fell 6.69% as semiconductor stocks declined, weighing on the Nasdaq MarketWatch - Healthcare: Johnson & Johnson dropped 5.73% despite beating profit estimates, becoming a top S&P 500 lagger MarketWatch - CPI report: Core inflation data released today is influencing expectations for the Federal Reserve’s next rate decision Barrons
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