The New York stock market started mixed on the 15th (local time), with the S&P 500 index hitting a record high early in the session. This was influenced by the consumer price index (CPI) increase in the U.S. for June meeting market expectations.
As of 11:03 a.m. on the same day, the S&P 500 index on the New York Stock Exchange (NYSE) was trading at 6263.57, down 4.99 points (0.08%) from the previous session. The S&P 500 index hit 6301.20 as soon as the market opened, marking a record high. This was the first time the index exceeded 6300.
The Dow Jones Industrial Average was down 298.90 points (0.67%), trading at 44,160.75. The Nasdaq index increased by 95.77 points (0.46%), reaching 20,736.10.
According to the U.S. Department of Labor, the CPI for June rose by 0.3% from the previous month, recording an annual rate of 2.7%. This level is in line with market forecasts.
Excluding volatile food and energy prices, the core CPI rose by 0.2% from the previous month, slightly lower than market expectations. Compared to the same month last year, it increased by 2.9%, matching forecasts. The inflation caused by tariffs has become visible, but it is interpreted that investors are relieved since it fell short of market expectations.
Leading the market's rise on that day was the semiconductor corporation Nvidia. Nvidia announced that it could soon resume shipments of its artificial intelligence (AI) chip H20 GPU to China, causing its stock price to surge more than 4%. Jensen Huang, CEO of Nvidia, said in a CCTV interview that "the U.S. government has approved the exports, allowing us to ship. We will now sell H20 in the Chinese market."
The second-quarter earnings reports from major financial corporations also garnered investor attention. Wells Fargo reported earnings that exceeded market expectations, but adjusted its net interest income forecast downward, leading to a decline of more than 4% in its stock price. In contrast, Citigroup's second-quarter results surpassed expectations, with its stock price rising about 1%.
International oil prices are rising. As of 9:37 a.m. that day, the price of West Texas Intermediate (WTI) for August delivery was $66.55 per barrel, down 0.64% from the previous session, while the global benchmark Brent crude for September delivery was priced at $68.93 per barrel, down 0.40%.