Mixed Performance of US Stocks Amid Inflation Data Anticipation and Supportive Fed Comments

Wall Street – US Markets

A mixed performance characterized US stocks on Wednesday, with investors continuing to evaluate the Federal Reserve's monetary policy outlook for 2026 while awaiting delayed Consumer Price Index (CPI) data scheduled for Thursday.

Both the S&P 500 and Nasdaq remained close to previous closing levels, while the Dow Jones Industrial Average rose by about 130 points, supported by gains in some leading stocks.

Fed Comments Support Expectations

The market movements followed comments from Federal Reserve member Christopher Waller, which investors interpreted as a supportive signal for further interest rate cuts in the future if signs of slowing inflation persist.

Sectors and Stocks

• The telecommunications sector was the worst performer during the session, followed by the technology sector.

• In contrast, the energy sector outperformed, bolstered by rising oil prices after President Donald Trump announced a complete blockade on oil tankers subject to sanctions related to Venezuela.

Regarding individual stocks:

• Nvidia dropped by 2.2%.

• Alphabet (Google) fell by about 1.7%.

• Oracle plummeted by 3.3% following reports that a key partner rejected support for the company's $10 billion data center plan.

Conversely:

• Amazon rose by 0.5% after reports of potential investment talks of about $10 billion in OpenAI.

• Netflix surged by 2.5% following news that Warner Bros.' board favored a buyout offer from Netflix.

Market Focus

Investors remain focused on upcoming US inflation data, which is expected to play a pivotal role in determining market direction, particularly regarding interest rate cut expectations for next year.