U.S. Stocks Mixed Amid Inflation Data, Tech Gains 0.15%

U.S. stock market indexes experienced a mixed performance, with the Dow Jones Industrial Average falling by 0.11%, while the S&P 500 and Nasdaq Composite Index rose by 0.01% and 0.15% respectively. The technology sector, driven by NVIDIA, saw notable gains, pushing the Nasdaq to a new high. Conversely, the banking sector and the Dow Jones faced declines, indicating a varied market sentiment.

The market's performance was influenced by several factors, including inflation data and earnings reports. The consumer price index (CPI) report indicated that inflation accelerated in June, contributing to market volatility. Additionally, the 10-year Treasury note yield rose significantly, adding to the market's uncertainty. Despite these challenges, the S&P 500 remained near its all-time highs following a better-than-expected update on inflation, demonstrating the market's resilience.

In the pre-market trading session, major U.S. index futures showed varied movements. Star technology stocks, such as Micron Technology and ASML Holding, experienced declines, while NVIDIA saw gains. Ethereum reserve concept stocks, such as BTCS Inc and SharpLink Gaming, saw significant gains, driven by the procedural vote on the cryptocurrency bill passed by the U.S. House of Representatives.

Macroeconomic events also influenced the market's performance. Retail sales in the U.S. increased by 0.6% in June, exceeding market expectations. The number of initial jobless claims for the week ending July 12 was recorded at 0.221 million, the lowest since the week ending April 12, 2025. These positive economic indicators contributed to the market's resilience, despite the mixed performance of the indexes.

Geopolitical factors also played a role in the market's performance. The potential introduction of new tariffs by the European Union on American services and export controls as a means of retaliation after the collapse of trade negotiations added to market uncertainty. Additionally, U.S. President Trump's statements on tariffs and trade agreements with Japan and India further contributed to the market's volatility. However, the S&P 500 holding near its all-time highs reflected the overall positive sentiment in the market.