U.S. Stock Markets Experience Mixed Results Amid Inflation Update

Published Jan 14, 2025 02:01 pm

On Tuesday, most U.S. stocks recorded gains following a positive update regarding inflation. However, declines in key stocks, including Eli Lilly, held the major indexes back.

The S&P 500 index saw a slight increase of 0.1%, with three out of every four stocks in the index moving higher. Meanwhile, the Dow Jones Industrial Average rose by 0.5%, although the Nasdaq composite index experienced a decline of 0.2%.

Investors were encouraged by a report indicating that inflation at the wholesale level in the U.S. was lower than anticipated for the previous month. However, the overall market sentiment was affected negatively by news from Eli Lilly, which indicated weaker-than-expected growth in some of its major product lines.

On Tuesday, the market performance was as follows:

• The S&P 500 increased by 6.69 points, or 0.1%, closing at 5,842.91.
• The Dow Jones Industrial Average rose 221.16 points, or 0.5%, to close at 42,518.28.
• The Nasdaq composite decreased by 43.71 points, or 0.2%, finishing at 19,044.39.
• The Russell 2000 index, which includes smaller companies, rose by 24.83 points, or 1.1%, to reach 2,219.24.

Looking at the performance over the week:

• The S&P 500 has increased by 15.87 points, or 0.3%.
• The Dow has added 579.83 points, or 1.4%.
• The Nasdaq is down by 117.24 points, or 0.6%.
• The Russell 2000 has gained 30 points, or 1.4%.

For the year to date:

• The S&P 500 is down 38.72 points, or 0.7%.
• The Dow has decreased by 25.94 points, or 0.1%.
• The Nasdaq is down 266.40 points, or 1.4%.
• The Russell 2000 shows a decline of 10.92 points, or 0.5%.

Despite the positive inflation news, the mixed performance across the indexes highlights the ongoing market volatility and investor sensitivity to earnings reports and economic data.

Stocks, Market, Inflation