Benzinga·2026-01-13 18:04Market Overview - Wall Street exhibited cautious trading despite a favorable inflation report, with the Consumer Price Index rising 2.7% year over year in December, matching previous readings and economist estimates [1] - The S&P 500 index remained flat at 6,970, close to its record high of 6,986 [2] Major Indices Performance - The Dow Jones Industrial Average decreased by 0.5%, influenced by financial stocks [3] - The Nasdaq 100 saw a slight increase of 0.1%, supported by semiconductor strength [3] - The Russell 2000 gained 0.2%, marking its seventh positive session in the last eight [3] - Key indices performance as of midday: Russell 2000 at 2,639.46 (+0.2%), Nasdaq 100 at 25,821.82 (+0.1%), S&P 500 at 6,976.33 (0.0%), Dow Jones at 49,330.68 (-0.5%) [4] Earnings Reports - JPMorgan Chase & Co. shares fell over 3% despite beating earnings estimates, as investors were concerned about weaker investment-banking fees and cautious loan growth commentary [4] - Delta Air Lines Inc. stock dropped over 4% after issuing soft forward guidance due to cost pressures and normalization in post-pandemic travel demand [5] - Moderna Inc. emerged as the top performer in the S&P 500, rallying 14% after issuing optimistic growth forecasts for its vaccine business [5] Sector Performance - Intel Corp. shares rose 7.7% to $47.50 following an upgrade from KeyBanc, with a price target of $60 [6] - Advanced Micro Devices Inc. increased by 6.5% after a similar upgrade, with a price target of $270 [6] - The energy sector outperformed, with U.S. oil and gas stocks gaining as crude oil rose 2.7% to above $61 a barrel, reaching a three-month high [6] Cryptocurrency Movement - Bitcoin advanced 2.5% to above $93,000, aiming for a third consecutive session of gains [7]