Market Analysis
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StockCram is not a broker-dealer, investment adviser, or financial institution. All content is for educational and informational purposes only and should not be construed as personalized investment advice. Consult a qualified financial professional before making investment decisions. Past performance does not guarantee future results.Stock Market Today, Oct 14: CPI Report Due
Stocks were flat Tuesday as Fed's Williams signaled one more hike this year, pulling the 10-year yield to 5.22% before today's CPI inflation report.
Key Highlights
- •The S&P 500 closed at 7,805.45 on Tuesday, down 0.02%, while the Dow slipped 0.35% to 51,670.10 and the Nasdaq fell 0.15% to 27,204.38.
- •Fed's Williams backed one more hike in 2026 but none in 2027, which pushed the 10-year yield down to about 5.22%.
- •Today's September CPI is forecast at 3.6% a year versus 3.4% in August, and the Fed meets October 28.
- •Brent crude sits near $106 a barrel after a Houthi strike on a Saudi Aramco site, and chip stocks like Micron (down 3.62% Monday) are under pressure from China's CXMT.
What's Inside
Fed's Williams Says One More Rate Hike This Year, None Needed in 2027
New York Fed President John Williams said one more rate hike is right for this year...
September Inflation Report Lands Today With Prices Expected to Heat Up
The Bureau of Labor Statistics releases September consumer prices at 8:30 a.m...
Big Banks Report Mixed Third-Quarter Results as Earnings Season Starts
JPMorgan earned $15.3 billion, but its $5.57 per share missed the $5.90 forecast...
Memory Chip Stocks Slide as China's CXMT Claims a Breakthrough
China's CXMT said it has made progress on a denser server memory design...
Houthi Strike Hits Saudi Aramco Site, Keeping Oil Above $100
Saudi Arabia said a Houthi missile caused a small fire at an Aramco building in Dhahran on Tuesday...
Stock Market Today, Oct 13: Chip Selloff
Chip stocks slide as Samsung and SK Hynix tumble, oil and Treasury yields ease, and JPMorgan, Citigroup and Wells Fargo report earnings today.
Key Highlights
- •The memory-chip selloff pushed South Korea's KOSPI down as much as 6% on Tuesday and left Nasdaq 100 futures down about 0.6% to 0.8%.
- •Oil fell about 1.8% on Tuesday after WTI closed near $94.40 on Monday, as Trump's 'energy ceasefire' offset Houthi attacks on Saudi Arabia.
- •The 10-year Treasury yield dropped more than 5 basis points on Tuesday from about 5.24%, easing pressure after a run to its highest level since 2002.
- •JPMorgan, Wells Fargo, Citigroup and Goldman Sachs report today, with September inflation data due Wednesday, October 14.
What's Inside
Memory-chip selloff spreads from Wall Street to Asia as Samsung and SK Hynix tumble
Samsung and SK Hynix each fell roughly 8% in Seoul, their fifth straight losing session...
Oil slips as Trump's 'energy ceasefire' offsets Houthi attacks on Saudi Arabia
President Trump announced an 'energy ceasefire' between Russia and Ukraine, and oil dropped more than 1% at one point on Monday...
Treasury yields dip from the highest levels since 2002
Bond yields fell early Tuesday as energy prices dropped...
JPMorgan, Wells Fargo, Citigroup and Goldman kick off bank earnings
JPMorgan, Wells Fargo and Citigroup report before the open on Tuesday...
Stocks end Monday mixed near record highs ahead of inflation data
The Dow gained 195.60 points, helped by a 2% jump in Salesforce after a double upgrade at Bank of America...