US markets closed quite mixed after banking sector earnings disappointed investors. All eyes are now on the crucial economic data scheduled for release tonight.
Key Takeaways
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PPI and Retail Sales data will likely dictate the Fed next interest rate move.
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Weakness in bank stocks is currently putting pressure on major global indices.
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The tech sector remains resilient thanks to the massive demand for AI chips.
According to reports from Reuters, December consumer inflation landed at 2,7 percent. This figure aligns perfectly with the expectations of most market economists.
JPMorgan Chase shares dropped 4 percent following a miss in their net profit estimates. The credit card partnership with Apple Inc. proved to be a heavy burden this quarter.
On the flip side, Intel Corporation surged 7 percent fueled by bullish sentiment in semiconductors. AI infrastructure demand also pushed Caterpillar Inc. to a new market milestone.
PPI Impact on the Retail Sector
Tonight’s Producer Price Index report will reveal price pressures at the manufacturer level. This data significantly impacts the profit margins of major retail players.
Amazon.com, Inc. stock prices are expected to react sharply to the latest retail sales figures. Consumer spending power remains a key indicator that investors are watching closely.
The energy sector featuring Exxon Mobil Corporation and Chevron Corporation is also facing global geopolitical heat. International tensions continue to trigger price volatility in the oil market.
Game Plan for Market Volatility
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