Live Markets: Wall Street rises with earnings help even as inflation sticks

West Pharmaceutical Services

13/02/2025 15:30

* 
      Main U.S. equity indexes rise; Nasdaq out front, up ~0.8% 
    

        * 
      Cons Disc leads S&P 500 sector gainers; Industrials sole
loser
    

        * 
      Euro STOXX 600 index up ~1%
    

        * 
      Dollar down; crude dips; bitcoin off >1.5%; gold up
    

        * 
      U.S. 10-Year Treasury yield falls to ~4.55%
    

  
Welcome to the home for real-time coverage of markets brought to
you by Reuters reporters. You can share your thoughts with us at
     
    
    
    WALL STREET RISES WITH EARNINGS HELP EVEN AS INFLATION
STICKS
    Wall Street's three major indexes are gaining early on
Thursday as investors digest the latest earnings reports and a
U.S. inflation report, which came in ahead of expectations. 
    U.S. producer prices increased solidly in January, offering
more evidence of inflation picking up again and solidifying
trader views that the Federal Reserve would not be cutting
interest rates before the second half of the year.
    Still, the benchmark S&P 500 index  .SPX  is drawing its
biggest boosts from megacap stocks such as Nvidia  NVDA.O ,
Tesla  TSLA.O  and Apple Inc  AAPL.O . 
    Cisco Systems  CSCO.O , up 4.7%, is also providing a major
boost after the networking gear maker lifted its annual revenue
forecast on strong AI-driven demand and reassured investors that
U.S. tariffs would not have a big impact on its business.
    Nearly all S&P 500 sectors are higher. Consumer
discretionary  .SPLRCD  is the biggest percentage gainer with
casino hotel  stocks among the biggest advancers. 
    Shares of MGM Resorts  MGM.N  are jumping 15% after it beat
Q4 profit and revenue expectations. Rivals Caesar's  CZR.O ,
Wynn Resorts WYNN.O> and Las Vegas Sands  LVS.N  appear to be
basking in the glow of MGM's news as they joined in the rally.
    Healthcare  .SPXHC  is inching higher. However, West
Pharmaceuticals  WST.N , is down ~31% after it forecast 2025
results below expectations due to a strong dollar and a
reduction of inventory among its clients.  
   Here is your morning trading snapshot:
    
   
    (Sinéad Carew)
     *****          
    
    
    FOR THURSDAY'S EARLIER LIVE MARKETS' POSTS:
    
    U.S. STOCK FUTURES HIGHER, YIELDS LOWER, DESPITE HOT PPI -
CLICK HERE
    
    EUROPEAN DEFENCE: "THIS IS JUST THE START OF A SUPER-CYCLE"
- CLICK HERE
    
    THREE REASONS WHY EUROPEAN NATURAL GAS PRICES CAN FALL -
CLICK HERE
    
    HERE'S WHY THE ECB SHOULDN’T FOLLOW A HAWKISH FED - CLICK
HERE
    
    ANOTHER DAY, ANOTHER STOXX RECORD - CLICK HERE
    
    EUROPE BEFORE THE BELL - UKRAINE PEACE TALKS TOP OF MIND -
CLICK HERE
    
    MORNING BID UKRAINE TALKS ABSORB US INFLATION SHOCK - CLICK
HERE
      

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Wall Street indexes rise    https://tmsnrt.rs/4hTXKWs
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>