Negative corporate news causes stock indexes to fall

From Nasdaq: 2025-01-14 14:02:37

Stock indexes are mixed, with the S&P 500 down -0.09%, the Dow Jones up +0.08%, and the Nasdaq down -0.21%. March E-mini S&P futures are down -0.11%, and March E-mini Nasdaq futures are down -0.20%. The market is reacting to Trump’s tariff strategy and lower inflation concerns.

Negative corporate news caused stock indexes to fall back. Eli Lilly and Meta Platforms saw significant drops after reporting below-consensus results. Trump’s economic team is considering gradual tariff hikes to avoid inflation spikes. US Dec PPI rose less than expected, easing inflation concerns.

Dec PPI final demand rose +0.2% m/m and +3.3% y/y, weaker than expected. Dec PPI ex-food and energy was unchanged m/m and rose +3.5% y/y, also weaker than expected. The market awaits US consumer price and retail sales reports. Earnings season begins with banks reporting Q4 results.

Homebuilders like KB Home and DR Horton are up after strong earnings reports. Celanese Corp leads S&P 500 gainers after an upgrade. United Rentals is up after acquiring H&E Equipment Services. Medtronic Plc sees gains on a positive coverage analysis. Westinghouse Air Brake Technologies expands with an acquisition.

Stock losers include Eli Lilly, Signet Jewelers, Charles River Laboratories, and Meta Platforms. Regeneron Pharmaceuticals and Archer-Daniels-Midland also see declines. Earnings reports for Applied Digital Corp, Calavo Growers Inc, Gencor Industries Inc, Park Aerospace Corp, and Renovaro Inc are expected on 1/14/2025.



Read more at Nasdaq: Stocks Turn Mixed on Some Negative Corporate News