From Nasdaq: 2024-11-13 11:37:14

Stock indices show mixed performance, with S&P 500 up, Dow Jones up, and Nasdaq down. Futures recovered on relief rally from expected rise in US consumer prices. Dovish comments on inflation by Minneapolis Fed President. Chip stocks weigh on Nasdaq.

US Oct CPI in line with expectations. Mortgage applications up. Stock market hits record highs on Trump’s profit-boosting prospects. Retail sales report and Q3 earnings season in focus.

Markets predict 82% chance of rate cut at December FOMC meeting. Overseas markets mixed. ECB likely to cut rates in December. German and UK bond yields move differently.

Stock movers include Albemarle, Charter Communications, Tesla, Cava Group, Rivian Automotive, Spotify Technology, Pure Storage, and more. Some stocks surge on positive news, while others suffer losses due to forecasts or downgrades. Chip stocks under pressure.



Read more at Nasdaq: Stocks Climb and T-Note Yields Fall as US CPI Report Meets Expectations