Yahoo Finance Daily
Stocks close higher with inflation data, earnings in focus: Stock Market News Today
Mon Jul 10 2023Description
Stocks ended higher on Monday, with the S&P 500 adding 0.24 percent and the Dow Jones Industrial Average trading up 0.6 percent. The tech-heavy Nasdaq Composite gained 0.1 percent. US consumer and producer inflation reports are expected to show easing price pressures, potentially leading to a decrease in rate rises by the Federal Reserve later this year. Fresh price data in China raised concerns about deflation in the country's economy. Big-name financial results, including Q2 reports from JPMorgan and Citigroup, are anticipated this week. US home prices hit a record high in May due to low levels of inventory. Used auto prices have decreased for three consecutive months, indicating further signs of easing in June's consumer price index print. Shares of Rivian have surged about 90% over the past nine trading sessions. Tesla reported all-time records for Q2 global production and deliveries. Mattel stock has outperformed other stocks in the past month due to cultural relevance surrounding an upcoming Barbie movie.
Insights
Stocks end higher
The stock market showed positive performance on Monday, with major indices like the S&P 500 and Dow Jones Industrial Average gaining ground.
Expectations for easing price pressures
Inflation reports in the US are expected to show a decrease in price pressures, which could influence the Federal Reserve's decision on interest rate hikes.
Concerns about deflation in China's economy
Recent price data in China has raised concerns about the possibility of deflation, which could have significant implications for the country's economy.
Anticipated Q2 financial results
Investors are eagerly awaiting the release of Q2 financial results from major companies like JPMorgan and Citigroup, as these reports can provide insights into the overall health of the economy.
Record high home prices in the US
The US housing market continues to experience high demand and low inventory, resulting in record-breaking home prices in May.
Signs of easing in consumer price index
The decrease in used auto prices for three consecutive months suggests a potential easing in June's consumer price index, indicating a possible slowdown in inflation.
Surge in Rivian stock
Rivian, an electric vehicle manufacturer, has seen a significant increase in its stock price over the past nine trading sessions, reflecting growing investor interest in the company.
Tesla's Q2 production and deliveries
Tesla, a leading electric vehicle company, achieved record-breaking production and delivery numbers in the second quarter of the year, highlighting its strong performance in the market.
Mattel stock outperforms
Mattel, a toy manufacturing company, has outperformed other stocks in the past month due to the anticipation surrounding an upcoming Barbie movie, which has generated cultural relevance and increased investor confidence.
Chapters
- Stocks end higher
- Expectations for easing price pressures
- Concerns about deflation in China's economy
- Anticipated Q2 financial results
- Record high home prices in the US
- Signs of easing in consumer price index
- Surge in Rivian stock
- Tesla's Q2 production and deliveries
- Mattel stock outperforms
Stocks end higher
00:00 - 05:02
- The S&P 500 added 0.24 percent and the Dow Jones Industrial Average traded up 0.6 percent.
- The tech-heavy Nasdaq Composite gained 0.1 percent.
Expectations for easing price pressures
00:00 - 05:02
- US consumer and producer inflation reports are expected to show easing price pressures.
- This could potentially lead to a decrease in rate rises by the Federal Reserve later this year.
Concerns about deflation in China's economy
00:00 - 05:02
- Fresh price data in China raised concerns about deflation in the country's economy.
Anticipated Q2 financial results
00:00 - 05:02
- Big-name financial results, including Q2 reports from JPMorgan and Citigroup, are anticipated this week.
Record high home prices in the US
00:00 - 05:02
- US home prices hit a record high in May due to low levels of inventory.
Signs of easing in consumer price index
00:00 - 05:02
- Used auto prices have decreased for three consecutive months, indicating further signs of easing in June's consumer price index print.
Surge in Rivian stock
00:00 - 05:02
- Shares of Rivian have surged about 90% over the past nine trading sessions.
Tesla's Q2 production and deliveries
00:00 - 05:02
- Tesla reported all-time records for Q2 global production and deliveries.
Mattel stock outperforms
00:00 - 05:02
- Mattel stock has outperformed other stocks in the past month due to cultural relevance surrounding an upcoming Barbie movie.