Stock indexes closed down on Tuesday, with the S&P 500, Dow Jones, and Nasdaq 100 all in the red. Software stocks sold off after Anthropic’s new tool release, and credit card companies dropped after Trump’s interest rate comment. Crude oil rose over 2% due to geopolitical tensions, impacting energy stocks positively.

Inflation worries eased as US core consumer prices rose less than expected in December. Energy stocks saw gains as WTI crude oil hit a 2.25-month high. The market awaits news on the Federal Reserve and economic data releases this week. Q4 earnings season starts, with S&P earnings expected to grow by 8.4%.

St. Louis Fed President expects strong US economic growth. Economic data releases and Fed news will guide the market this week. Overseas markets had mixed closes. Interest rates saw fluctuations, with T-notes rising on lower-than-expected core CPI. European bond yields rose, with ECB expected to hold rates steady.

Stock movers included software companies like Salesforce and Adobe falling, while Visa and Mastercard dropped after Trump’s interest rate remarks. Travere Therapeutics, Super Micro Computer, and CRH Plc also saw declines. Moderna and Option Care Health were among the gainers, while Intel and AMD led tech stocks higher.

Chipotle, Delta Air Lines, and other stocks experienced declines, while Revvity and Albemarle Corp saw gains. Cardinal Health raised its EPS forecast, and Huntington Ingalls Industries received a price target increase. Alphabet closed higher after a deal with Apple. Earnings reports for major banks are expected on January 14.

Read more at Nasdaq: Stocks Fall on Weakness in Software and Credit Card Companies