Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

U.S. Stocks Mixed as Easing Inflation and Chip Rebound Compete with IBM Profit Warning and Geopolitical Oil Surge

Benzinga+2 ·
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U.S. Stocks Mixed as Easing Inflation and Chip Rebound Compete with IBM Profit Warning and Geopolitical Oil Surge
  • The S&P 500 and Nasdaq closed higher on Tuesday following a June CPI report that showed a 0.4% monthly decline and a 3.5% annual rate, both below economist expectations.
  • Market gains were partially offset by a 24-25% crash in IBM shares after the company warned that weak demand would cause second-quarter profits to miss targets.
  • Oil prices surged significantly after President Trump announced the restoration of a blockade on Iranian vessels in the Strait of Hormuz, driving Brent crude up 9% in a single day.
  • Semiconductor stocks provided a critical cushion for the broader market, with the VanEck Semiconductor ETF rising more than 2% on the back of gains in companies like Lam Research and Micron.

Quotes

“Tuesday's weaker-than-expected CPI print suggests the inflation surge driven by the Iran war is fading, but this may just be a temporary relief as tensions have escalated in recent days.”— Skyler Weinand, chief investment officer at Regan Capital
“slams the door”— Traders

Sources