Stock indexes rose today with the S&P 500, Dow Jones, and Nasdaq up around +0.20%. Chipmakers like Applied Materials surged +10% after strong earnings. Falling bond yields supported stocks after US Jan CPI rose less than expected. Earnings season shows 76% of S&P companies beat expectations, with +8.4% growth expected in Q4.

Worries over AI initially led to lower stock movements, with S&P 500 and Nasdaq 100 hitting 1-week lows. US Jan CPI rose +2.4% y/y, below expectations. Overseas markets are down, with Euro Stoxx 50 and Shanghai Composite falling. Interest rates are down, with 10-year T-note yield at 2.048%.

Cryptocurrency stocks like Coinbase and Riot are up over +7%, while metal companies like Century Aluminum and Steel Dynamics are down over -2%. Tri Point Homes surged +26% on acquisition news. Rivian Automotive up +19% on strong revenue forecast. Pinterest down -21% after weak revenue report.

Stock movements show a mixed bag with some sectors like tech and cryptocurrency performing well, while metal companies face pressure. Earnings season continues to drive stock movements, with positive results from companies like Arista Networks and Roku. Interest rates are down, impacting bond yields and the broader market sentiment.

Read more at Nasdaq.: Stocks Recover as Chipmakers Rebound