From Nasdaq: 2024-11-13 18:24:19

The S&P 500, Dow Jones, and Nasdaq 100 closed mixed. US Oct CPI met expectations, boosting odds of a Fed rate cut. Fed members support gradual cuts. Oct CPI rose 0.3% m/m and 2.6% y/y. Mortgage applications rose 0.5%. Markets hit record highs on Trump speculation. Powell’s speech and retail sales report awaited.

85% of S&P 500 firms beat Q3 estimates. Markets expect 82% chance of Dec FOMC rate cut. European bond yields rise. ECB member warns of Trump tariff impact. Swaps predict ECB rate cut. Stock movers: ALB, CHTR, CMI, RIVN, SPOT, ROK, PFE, EMR. Chip stocks drag market down. SMCI and SWKS lead losers.

Rocket Cos, Groupon, and Maplebear Inc forecast lower Q4 revenue, leading to stock declines. Caterpillar downgraded. AAP, AMAT, GLOB, POST, DIS to report earnings. Fed Powell, retail sales report, and more earnings announcements to influence market trends. Fed rate cut expectations remain high.



Read more at Nasdaq: Stocks Finish Mostly Higher as CPI Report Matches Expectations