Overview
The U.S. stock market started with optimism following the consumer price index (CPI) that reflected a cooling in inflation. However, the optimism was dampened by JP Morgan's report of a significant decline in investment banking fees, resulting in a mixed market performance.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
The CPI showed a 2.7% year-over-year increase and a 0.3% month-over-month gain, aligning with market expectations. In contrast, JP Morgan announced a substantial fall in investment banking fees, attributing potential impacts to proposed changes in credit policy by the Trump administration, causing their stock to drop by 4.2%.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 21:00 | US MBA Mortgage Applications |
| 22:30 | US December PPI Rate |
| 22:30 | US November Retail Sales |
| 22:30 | US Q3 Current Account |
| 23:50 | Speech by Fed Chair Powell |
| 04:00 | US December Existing Home Sales |
General Opinion
While today's data indicated a decline in inflation, concerns over corporate earnings and potential policy changes added uncertainty to the market. Upcoming economic indicators and speeches by Federal Reserve representatives will be crucial in guiding market direction.
