Stock Market Today, Jan. 13: Surprising Inflation Report Overshadowed by JPMorgan Guidance; Market Falls

Market Overview - The U.S. equity indexes closed in the red, with the Dow down by 0.80%, S&P 500 down by 0.19%, and Nasdaq down by 0.10% [2][3] - The Russell 2000 index experienced a slight decline of 0.06% after initially gaining during the day [2] Inflation and Federal Reserve Speculation - The market's downturn was influenced by the December inflation report, which led to speculation about a potential Federal Reserve rate cut [2][3] - Despite the inflation report being tame, it was not sufficient to maintain positive momentum in the markets [2] Sector Performance - The technology and financial sectors were notably affected, with software companies, credit servicers, and banks experiencing significant declines [3] - The Dow lost 400 points, marking a second consecutive day of decline [3] Investor Positioning Ahead of Supreme Court Decision - Investors appeared to be positioning themselves ahead of a Supreme Court decision regarding tariffs, with expectations that the court would side with businesses affected by these tariffs [4] - A ruling against the tariffs could lead to volatility in the markets, as it may require refunds to affected businesses and could prompt new legal challenges [5] Market Sentiment - As of midday, 53.8% of issues were down, while 43.5% were advancing, indicating a bearish sentiment in the market [6] - The Russell 2000 was the only index showing a slight gain, attributed to hopes that the inflation reading might accelerate the timing of the Fed's next rate cut [7]