Wall Street ends mixed as Coca-Cola gains and Tesla drops
By Noel
Randewich and Sukriti
Gupta
Tue February 11, 2025 5:22 PM
Seesaw action was evident on all three indexes today but, unlike Monday, Tuesday saw tech mostly in the red and industrials mostly in the black with the Dow posting a respectable 3-digit gain, the S&P broke even coming off a 24 point loss and the Nasdaq recovered halfway from a 135 point loss. The key factors in all this volatility were the CPI data due tomorrow which will give the Fed an updated inflation picture and investors parsing the next rate cuts.
The current odds are 100% for one rate cut this year and 44% for two. Powell reiterated his position today before the Congress stating the economy was running plenty strong enough and did not yet need any further stimulus via rate cuts in light of inflation still being above the 2% target. There remains considerable uncertainty over government policy, especially the tariffs and elevated global tensions. At 15.4 billion shares traded, volume remains above the 14.9 average.
DJ: 44,470.41 +167.01 NAS: 19,714.27
+190.87 S&P: 6,066.44
+40.45 2/10
DJ: 44,593.65 +123.24 NAS: 19,643.86
-70.41 S&P: 6,068.50
+2.06 2/11
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