Stocks rise on tame inflation data, but IBM plunges 24%

Macro
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Summary · why it matters

US stocks settled higher on Tuesday after a better-than-expected June CPI report eased inflation fears. The S&P 500 gained 0.38%, the Dow added 0.02%, and the Nasdaq 100 rose 1.10%. The 10-year Treasury yield fell 4 basis points to 4.58%, while Fed Chair Warsh said the economy is resilient and the labor market is broadly stable. Semiconductor and bank stocks rallied, but software stocks retreated, led by a 24% plunge in IBM after its preliminary second-quarter revenue missed consensus.

Impact on stocks 42

Cloud & Digital Infrastructure · 7 stocks
Cybersecurity & Digital Trust · 5 stocks
Biotech & Genomic Medicine · 2 stocks
Financials · 2 stocks
Quantum Computing · 1 stocks
Real Estate · 1 stocks
Materials · 1 stocks