U.S. Stocks End Tuesday Lower, JPMorgan Earnings Impact Notable
U.S. equity markets ended Tuesday softer with traders quickly selling the initial spike in futures upon the release of benign core CPI data this morning, and the expected shift in Fed policy easing expectations on signs that a surge of inflation in December did not materialize was largely ignored in Fed Funds futures markets. Instead, a subdued reaction to Q4 earnings out of JPMorgan- the first of the big banks to report results - captured more attention and also disproportionally affected Dow Jones Industrials, where JPM and Visa'slosses of over 4% weighed on the index. Financials was also the worst performing sector in the S&P 500, though the benchmark benefited from a bid in Oil prices as Energy outperformed.In the opening hour of the evening session, S&P e-minis, Dow Industrials, and Nasdaq 100 are all down a decimal while Metals are still firm - Gold is back above 4,600 and Copper is around $6 per lb. API data was bearish for oil with a large build in inventories, but geopolitical supply worries pertaining to Iran are outweighing the demand concerns, with WTI up for the fourth straight day and now above $61 per barrel.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Phoenix Education Partnersup 2.4%ALSO HIGHER -TG Therapeuticsup 7.6% after Q4 pre-announcement, FY26 guidanceSprout Socialup 5.2% after insider buyDOWN AFTER EARNINGS -Concrete Pumpingdown 2.1%Rocky Mountain Chocolate Factorydown 1.9%ALSO LOWER -Glaukosdown 12.5% after Q4 pre-announcementHallador Energydown 5.9% after equity offering
