Stocks rise on positive PPI report, analysts optimistic about Q4 earnings

From Nasdaq: 2025-01-14 12:18:20

Stocks are up across the board, with the S&P 500, Dow Jones, and Nasdaq all posting gains. E-mini futures are also up. President-elect Trump’s team is considering gradual tariff hikes to avoid inflation spikes. Dec PPI rose less than expected, easing inflation concerns. Analysts are optimistic about Q4 earnings, with a 7.5% growth forecast for S&P 500 companies.

US consumer price and retail sales reports are upcoming, influencing Fed interest rate decisions. European government bond yields are rising, with uncertainty about ECB rate cuts. Homebuilders and chip stocks are performing well today, with KB Home and ARM Holdings among top gainers. H&E Equipment Services sees a significant boost after an acquisition announcement.

Teladoc Health’s partnership with Amazon boosts its stock, while upgrades from Bank of America lift Celanese Corp and Eastman Chemical. Devon Energy and Lilly face losses after earnings reports. Signet Jewelers cuts Q4 sales forecast, Fortinet and Regeneron Pharmaceuticals decline after downgrades. Perrigo Co. and Archer-Daniels-Midland also see drops in stock value. Jack Henry & Associates is down after a negative coverage initiation.

Earnings reports for Applied Digital Corp, Calavo Growers Inc, Gencor Industries Inc, Park Aerospace Corp, and Renovaro Inc are scheduled for today. Market movements are driven by trade tariff discussions, inflation concerns, and upcoming economic reports. Stocks in various sectors are experiencing both gains and losses, reflecting a mixed market sentiment.



Read more at Nasdaq: Stocks and Bonds Climb on a Friendly US PPI Report