Group 1 - US stocks showed little change as investors reacted to a cooler inflation report and the onset of fourth-quarter corporate earnings [1] - The S&P 500 index increased by 0.1%, indicating a slight positive sentiment among investors [1] - The Dow Jones Industrial Average experienced a decline, falling by 35 points, reflecting mixed market reactions [1]

Core Viewpoint - Recent inflation data indicates that prices for beef, coffee, and produce have increased, reflecting broader inflationary trends in the economy [1] Group 1: Inflation Impact on Specific Items - Beef prices have risen significantly, contributing to overall inflation [1] - Coffee has also seen a price increase, affecting consumer spending [1] - Produce prices are on the rise, indicating supply chain pressures and increased costs [1]

2025 saw several successful public offerings, especially from companies operating in the AI, cryptocurrency, and fintech spaces. What many on Wall Street are anxious to know is whether the IPO market—and its returns—will accelerate in 2026, or if investors will take a more cautious approach to newly public companies as inflationary pressures, the potential for a weakening economy, and a possible AI bubble weigh heavily on people’s minds. Most Read from Fast Company The first real test of investor IPO ap ...

Throughout 2025, inflation continued to track in a narrow range, higher than the Federal Reserve’s (“Fed”) targeted range but within a window not seen as overly concerning from an investor perspective. This inflation trend continued into December, as seen inAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am no ...

分组1 - The Consumer Price Index (CPI) rose by 0.3% on the headline and 0.2% on the core in December, with year-over-year increases of 2.7% overall and 2.6% excluding food and energy, indicating potential Federal Reserve interest rate cuts in 2026 [2][3] - JPMorgan Chase & Co. reported Q4 earnings of $14.7 billion, or $5.23 per share, slightly beating forecasts, with trading revenue at $8.24 billion exceeding estimates, while investment banking fee income missed targets [4] - Delta Air Lines Inc. reported adjusted earnings per share of $1.55, slightly above the $1.53 forecast, but revenue missed targets, leading to a dip in stock despite positive commentary from the CEO about a strong start to 2026 [5] 分组2 - The Q4 earnings season is ramping up in Corporate America, with major companies like JPMorgan and Delta reporting results [4][5] - There is ongoing tension between the White House and the Federal Reserve, with global central banks publicly supporting Fed Chair Jay Powell amid concerns over economic and political ramifications [3] - Stock market performance showed a bounce back, suggesting investor anticipation of a resolution to the ongoing tensions [3]

Market Overview - U.S. stock markets are experiencing volatility as investors react to inflation data and the start of the fourth-quarter earnings season, with major indexes previously closing at record highs [1][5] - Premarket trading showed a mixed trend, with Nasdaq 100 futures down 0.2% to 0.3%, and S&P 500 and Dow Jones futures declining by 0.1% to 0.2% [2] - Following the release of the December Consumer Price Index (CPI), futures for major indexes reversed earlier declines, with Nasdaq 100, S&P 500, and Dow Jones futures rising by 0.2%, 0.2%, and 0.1% respectively [3] Commodities and Currency - Gold futures remained stable near record highs, while silver futures surged to an all-time high of $87.56 per ounce [4] - WTI crude oil futures increased by approximately 2% to $60.70 per barrel, influenced by geopolitical tensions and potential tariffs on countries doing business with Iran [4] - Bitcoin was trading around $92,000, and the U.S. dollar index rose by 0.1% to 98.92 [4] Earnings Reports - The fourth-quarter earnings season commenced, with JPMorgan Chase & Co. reporting a drop in profit due to a one-time charge, but excluding this charge, profits increased [8][13] - Delta Air Lines experienced a premarket decline of 4-5% after releasing profit forecasts that fell short of market expectations [13] - Other companies reporting include Bank of New York Mellon and Concentrix, with Delta's results particularly scrutinized for insights into the travel industry's health [8] Stock Movements - L3Harris Technologies shares surged by 11-12% after announcing plans to spin off its Missile Solutions business, supported by a $1 billion investment from the Defense Department [13] - Chipmakers Intel and AMD saw gains of 3.6% and 2.6% respectively, following an upgrade to "overweight" by KeyBanc due to strong data-center demand [13] - Alphabet's stock rose by 0.68% after achieving a $4 trillion market valuation, bolstered by news of Google Gemini enhancing Apple's Siri [13] Other Corporate News - Xpeng Inc. ADR shares dipped 2.63% despite plans to establish localized supply chain teams in Europe and ASEAN [13] - Travere Therapeutics saw a significant slump of 28% after an FDA request for clarification on its therapy's clinical benefits [13] - Synopsys shares fell 2.3% following a downgrade to "neutral" by Piper Sandler, citing growth headwinds [13] - Credit card companies stabilized in premarket trading after experiencing declines due to proposed caps on interest rates [13] - Walmart gained on news of its inclusion in the Nasdaq 100 index [13]

Economic Indicators - The U.S. consumer price index increased by 0.3 percent in December, aligning with economist expectations [2][31] - Core consumer prices, excluding food and energy, rose by 0.2 percent in December, slightly below the expected 0.3 percent increase [2][31] - The annual growth rate of consumer prices remained unchanged at 2.7 percent in December, consistent with November's rate [2][32] - The annual growth rate of core consumer prices also held steady at 2.6 percent, while an increase to 2.7 percent was anticipated by economists [3][32] Stock Market Performance - Major U.S. stock indices are projected to open slightly higher, following a recovery from an initial pullback [1] - The Dow Jones rose by 86.13 points (0.2 percent) to close at 49,590.29, while the Nasdaq increased by 62.56 points (0.3 percent) to 23,733.90, and the S&P 500 climbed by 10.99 points (0.2 percent) to 6,977.27 [5] - The NYSE Arca Computer Hardware Index surged by 5.0 percent, indicating strong performance in the computer hardware sector [10] Federal Reserve and Interest Rates - The Federal Reserve is expected to maintain interest rates at its upcoming meeting, with potential cuts of at least a quarter point anticipated in the following months [10] - Concerns regarding the Federal Reserve's independence have arisen due to subpoenas served by the Department of Justice related to Fed Chair Jerome Powell's testimony [6][7] - Powell described the subpoenas as "unprecedented," attributing them to pressure from President Trump regarding interest rate policies [8] Commodity Markets - Crude oil futures increased by $1.15 to $60.65 per barrel, while gold futures rose by $8.10 to $4,622.80 per ounce [12]

Group 1 - The latest inflation update has not significantly changed the expectations for a January interest-rate cut, with traders now estimating a 5% chance of a cut on January 28, up from 4.4% earlier in the week [1] - The likelihood of at least one quarter-point cut by March has increased slightly to 29% from 28.7% [2] - The probability of a quarter-point cut through June has risen to 47.2% from 46.2%, while the odds for a half-point cut have increased to 21.6% from 19% [2] - The chances of a three-quarters of a point cut through June have also grown to 3.4% from 2.7% [2]

Core Insights - U.S. consumer prices increased by 2.7% in December year-over-year, aligning with forecasts, marking a year of gradually easing but uneven inflation across the economy [1] - The December Consumer Price Index (CPI) report indicates a 0.3% rise in consumer prices from November to December, driven primarily by shelter and food costs [2] Inflation Trends - Core inflation, which excludes food and energy prices, remained stable at 2.6% in December, consistent with the previous month [3] - Consumers expect near-term inflation to rise to 3.4%, reflecting concerns about financial conditions across different income groups [4] Federal Reserve Implications - The December CPI report will influence the Federal Reserve's interest rate decision at the end of January, with inflation still above the Fed's 2% target [5] - A decline in the unemployment rate from November to December has reduced expectations for another cut to the Fed's benchmark interest rate, with forecasts suggesting the rate will remain between 3.5% and 3.75% [6]

Core Insights - Core U.S. consumer prices rose less than expected in December, indicating a potential easing of inflation as the Federal Reserve considers its next interest rate decision [1] - The consumer price index (CPI) excluding food and energy showed a monthly increase of 0.2% and an annual increase of 2.6%, both 0.1 percentage points below expectations, suggesting that core inflation may be stabilizing [2] - The overall CPI increased by 0.3% for the month, aligning with the Dow Jones consensus estimate, while the annual rate stood at 2.7%, indicating that inflation is moving closer to the Fed's 2% target but remains elevated [3] Detailed Breakdown - Shelter, a significant component of the CPI, rose by 0.4% monthly and 3.2% annually, contributing notably to the overall inflation figures [4] - Food prices increased by 0.7% for the month, with notable rises in recreation, airfares, and medical care, while some tariff-sensitive categories also saw price increases [5] - The recreation category experienced a record monthly gain of 1.2%, the largest since data collection began in 1993, highlighting significant inflationary pressures in certain sectors [5]