S&P Dips, Nasdaq Up on Mixed Inflation Print — SkimNews
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- S&P 500 dipped while the Nasdaq edged higher as markets reacted to a modest rise in inflation, with the Fed's preferred gauge pointing to continued price pressures.
- Apple (AAPL), MGM, TSMC (TSM), and SPCX drew particular focus as investors broadly shrugged off cooler-than-expected inflation data, leaving the Dow and S&P 500 lower for the session.
Why it matters: With the Fed's preferred gauge showing continued price pressures, the split-market reaction — Nasdaq up while the S&P and Dow slipped — suggests traders are selectively pricing in the inflation read rather than moving indices uniformly, complicating the path to expected rate cuts.
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