{"id":5429,"date":"2026-07-14T15:15:39","date_gmt":"2026-07-14T15:15:39","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5429"},"modified":"2026-07-14T15:15:39","modified_gmt":"2026-07-14T15:15:39","slug":"nasdaq-rises-as-soft-cpi-eases-fed-fears-ibm-plunges-over-weak-outlook","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5429","title":{"rendered":"Nasdaq rises as soft CPI eases Fed fears, IBM plunges over weak outlook"},"content":{"rendered":"
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US stocks opened higher on Tuesday after softer-than-expected June inflation data reduced expectations of an immediate Federal Reserve rate hike. <\/p>\n

Investors also assessed second-quarter earnings from major US banks and corporate results, while keeping an eye on rising oil prices following renewed tensions in the Middle East.<\/p>\n

The S&P 500 rose about 0.12%, while the Nasdaq Composite gained around 0.44%.\u00a0<\/p>\n

The Dow Jones Industrial Average slipped roughly 0.29%, pressured by IBM.<\/p>\n

The Labor Department reported that the consumer price index (CPI) rose 3.5% year over year in June<\/a>, below economists’ expectations of 3.8%.\u00a0<\/p>\n

On a monthly basis, CPI fell 0.4%, compared with forecasts for a smaller decline.<\/p>\n

Following the report, traders significantly lowered expectations for a near-term interest rate increase. <\/p>\n

Market pricing showed the probability of a rate hike at the Federal Reserve’s upcoming meeting falling sharply, although expectations for a September increase remained elevated.<\/p>\n

Investors are also awaiting Federal Reserve Chair Kevin Warsh’s semiannual monetary policy testimony before Congress later in the day for further clues on the central bank’s policy outlook.<\/p>\n

IBM sinks as earnings season begins<\/h2>\n

Corporate earnings remained a key focus as Wall Street’s second-quarter reporting season gathered pace.<\/p>\n

IBM shares plunged more than 25%<\/a> in trading after the technology company forecast preliminary second-quarter revenue below analysts’ expectations and warned that profits would fall short because of weaker demand across its software and infrastructure businesses.<\/p>\n

The weakness spilled over to other software companies. <\/p>\n

Oracle declined 0.79%, while ServiceNow and Accenture each fell more than 5% in trading.<\/p>\n

Meanwhile, major US banks were trading up after reporting better-than-expected quarterly profits.<\/p>\n

Goldman Sachs rose 4.2%<\/a> after stronger dealmaking activity and increased market volatility helped drive record performance in its equities trading business.<\/p>\n

Shares of JPMorgan Chase, Citigroup, Bank of America and Wells Fargo all traded higher after posting second-quarter earnings that exceeded analyst expectations.<\/p>\n

Investors are closely watching earnings reports for signs of corporate resilience after the S&P 500’s strong rally this year, with analysts expecting second-quarter earnings growth of nearly 24% for the index.<\/p>\n

Chip stocks rebound as oil prices remain elevated<\/h2>\n

Semiconductor stocks recovered after Monday’s sharp sell-off, helping lift the technology-heavy Nasdaq index.<\/p>\n

The iShares Semiconductor ETF climbed about 3.6% in trading.\u00a0<\/p>\n

The VanEck Semiconductor ETF also advanced more than 2.7%.<\/p>\n

Among individual chipmakers, Applied Materials gained more than 4.11%, while Teradyne rose about 5.8%.\u00a0<\/p>\n

Lam Research and Micron Technology each climbed more than 4%, and STMicroelectronics added over 2.9%.<\/p>\n

Despite the rebound in technology shares, gains across the broader market remained limited as oil prices stayed elevated.<\/p>\n

US crude traded above $80 a barrel, while Brent crude rose more than 4% to above $86 a barrel after President Donald Trump announced plans to reinstate a blockade on Iranian shipping through the Strait of Hormuz. <\/p>\n

The announcement followed renewed military exchanges between the United States and Iran and renewed concerns about global energy supplies.<\/p>\n

The post Nasdaq rises as soft CPI eases Fed fears, IBM plunges over weak outlook<\/a> appeared first on Invezz<\/a><\/p>\n

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US stocks opened higher on Tuesday after softer-than-expected June inflation data reduced expectations of an immediate Federal Reserve rate hike. Investors also assessed second-quarter earnings from major US banks and corporate results, while keeping an eye on rising oil prices following renewed tensions in the Middle East.The S&P 500 rose about 0.12%, while the Nasdaq Composite…<\/p>\n","protected":false},"author":1,"featured_media":5430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5429"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5430"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}