From Nasdaq: 2024-11-13 13:01:19

Stocks are mixed today, with the S&P 500 slightly up, the Dow Jones Industrials up, and the Nasdaq 100 down. US October consumer prices rose as expected, providing initial support, but chip stocks weakness and hawkish comments from Dallas Fed President Logan are limiting gains. Oct CPI in line with expectations. Mortgage applications rose, rates up. Markets are looking to retail sales report and wrapping up Q3 earnings season. Companies reporting strong earnings. Markets discounting 82% chance of rate cut in December. Overseas markets mixed. Interest rates up slightly. ECB likely to cut rates. Stock movers include Albemarle, Charter Communications, Cava Group, Rivian Automotive, Spotify Technology, Pure Storage, Rockwell Automation, and Emerson Electric all up. Chip stocks under pressure, with Super Micro Computer, Skyworks Solutions, Groupon, Maplebear Inc, and Rocket Cos down. Caterpillar and Tesla also down. Earnings reports today from Cisco Systems, Loar Holdings, NU Holdings, and Tetra Tech.



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