U.S. Stocks Move To The Downside Amid Renewed Inflation Concerns
AppleApple(US:AAPL) RTTNews·2026-01-30 16:08

Market Overview - Stocks have shown a negative bias, with the Nasdaq and S&P 500 adding to previous losses despite a recovery attempt [1][2] - Major averages are in negative territory, with the Dow down 286.73 points (0.6%), Nasdaq down 116.43 points (0.5%), and S&P 500 down 26.59 points (0.4%) [2] Economic Indicators - The Labor Department reported a 0.5% increase in the producer price index for final demand in December, higher than the expected 0.2% [3] - Year-over-year, producer prices rose by 3.0%, unchanged from November, while the anticipated annual growth rate was 2.7% [3] Sector Performance - Gold stocks are experiencing significant declines, with the NYSE Arca Gold Bugs Index down 7.8% due to falling gold prices [7] - Housing stocks are also weak, as indicated by a 2.5% drop in the Philadelphia Housing Sector Index [7] - Other sectors such as biotechnology, airlines, and semiconductors are showing considerable weakness [7] Company News - Apple shares have decreased by 1.2% despite reporting better-than-expected fiscal first-quarter results [5] - Concerns arise regarding the nomination of Kevin Warsh as the next Fed Chair, with expectations that he may not be as dovish as anticipated [6]