Economic Indicators - Inflation cooled more than expected in January, with the Consumer Price Index showing a 0.2% increase from the previous month and a 2.4% increase on an annual basis [2] - The report is likely to influence Federal Reserve policy, with traders reviving bets on a quarter-point rate cut in June, and a majority expecting two cuts by the end of 2026 [3] Market Performance - US stocks experienced wavering performance, with the Dow Jones Industrial Average and Nasdaq Composite drifting below the flatline, while the S&P 500 fluctuated between small gains and losses [1] - The sell-off in tech stocks has led to weekly losses of over 1% for the Dow, S&P 500, and Nasdaq [4] Company Earnings - Applied Materials (AMAT) saw its stock surge over 10% due to an upbeat outlook driven by robust AI demand [5] - Rivian (RIVN) shares jumped more than 20% following a fourth-quarter earnings beat, with the company on track to deliver its R2 midsize model before summer [6] - Moderna (MRNA) shares surged 10% after exceeding quarterly revenue estimates, attributed to strong sales of its Covid vaccine [6] - Pinterest (PINS) shares tumbled about 20% as revenue fell short, raising concerns about AI risks to its discovery platform [5]