Futures Usa misti dopo il dato sull’inflazione USA
July 15, 2025
US: Nasdaq hits new record as markets shrug off tariff talk
July 15, 2025By Pranav Kashyap and Nikhil Sharma
July 15, 202510:43 AM EDTUpdated 28 mins ago
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 14, 2025. REUTERS/Jeenah Moon/File Photo Purchase Licensing Rights, opens new tab
- Summary
- Companies
- Indexes: Dow down 0.24%, S&P 500 up 0.25%, Nasdaq up 0.69%
- Nvidia surges as H20 chip sales to China set to resume
- Citigroup up after Q2 profit beats estimates
July 15 (Reuters) – The Nasdaq and the S&P 500 crept up to new record highs on Tuesday on the back of gains in Nvidia, while investors assessed a largely in-line inflation report and bank results that kicked off the second-quarter earnings season.
A Labor Department report showed U.S. consumer prices rose as expected on a monthly basis in June. Annually, the prices rose 2.7%, compared with an estimated 2.6% rise.
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The core figure, which excludes volatile food and energy components, rose 0.2% on a monthly basis and 2.9% from a year earlier, but the gains were below estimates.
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“There’s little evidence that some of the tariff inflation is beginning to creep in,” said Peter Cardillo, chief market economist at Spartan Capital Securities.
“So, (the) bottom line (is), the tariff inflationary aspect still needs to be monitored.”
The odds of a July rate cut have almost become nil, while markets pricing for a reduction in September lowered slightly to around 56%, according to CME FedWatch.
At 09:51 a.m. ET, the S&P 500 (.SPX), opens new tab gained 15.68 points, or 0.25%, to 6,284.24, and the Nasdaq Composite (.IXIC), opens new tab rose 142.25 points, or 0.69%, to 20,782.58.
The Dow Jones Industrial Average (.DJI), opens new tab fell 101.39 points, or 0.24%, to 44,353.40.
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The Nasdaq and the S&P 500 were boosted by AI-chip leader Nvidia (NVDA.O), opens new tab, which surged 5% after unveiling plans to resume sales of its H20 AI chip to China.
Other chipmakers also advanced, with Advanced Micro Devices (AMD.O), opens new tab surging 8% and Super Micro Computer (SMCI.O), opens new tab rising 5%. The Philadelphia Semiconductor Index (.SOX), opens new tab was up 2.1%.
Wall Street kicked off second-quarter earnings with big banks in the spotlight. JPMorgan Chase (JPM.N), opens new tab slipped 1% despite boosting its 2025 net interest income outlook, while Wells Fargo (WFC.N), opens new tab shares tumbled 5%, even as its quarterly profit climbed on lower loan-loss reserves.
Meanwhile, BlackRock (BLK.N), opens new tab set a new record with $12.53 trillion in assets under management amid hopes for trade deals and interest-rate cuts, but its shares dropped 6.2%.
The KBW Bank index (.BKX), opens new tab hit a two-week low and was last down 1.1%.
A new list of possible retaliation targets is said to be at the ready, worth $84 billion.00:1804:49
Citigroup (C.N), opens new tab rose 1% after the lender’s profit jumped in the second quarter as its traders brought in a windfall from turbulent markets.
Despite President Donald Trump’s renewed tariff threats – this time aimed at Russia – markets largely brushed off the rhetoric, focusing instead on a breakthrough from negotiations with U.S. trade partners.
Hopes were buoyed after Trump signaled a willingness to talk following his weekend warning of 30% tariffs on the European Union and Mexico from August 1.
At least four Fed officials including Board Governor Michael Barr are scheduled to speak later in the day, potentially offering fresh clues on the central bank’s next steps.
Among other movers, Trade Desk (TTD.O), opens new tab surged 11.4% after the software firm was set to join the benchmark S&P 500 index (.SPX), opens new tab.
Declining issues outnumbered advancers by a 1.09-to-1 ratio on the NYSE and by a 1.08-to-1 ratio on the Nasdaq.
The S&P 500 posted 19 new 52-week highs and two new lows, while the Nasdaq Composite recorded 53 new highs and 27 new lows.
Reporting by Pranav Kashyap and Nikhil Sharma in Bengaluru; Editing by Maju Samuel, Shinjini Ganguli and Pooja Desai
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