Nasdaq Swings on Tech Earnings and Inflation Data

📰 Key Update of the Day

Nasdaq experienced sharp swings following mixed tech earnings and the latest inflation data showing a slight slowdown in consumer price growth.

🔍 Quick Summary

Tech giants reported earnings that varied in meeting expectations, leading to volatility in Nasdaq-listed stocks. Inflation data showed consumer prices rising at a slower pace, easing fears of aggressive Federal Reserve rate hikes. This combination caused investors to reassess risk, resulting in notable intraday fluctuations in tech shares and broader market indexes.

📈 Impacted Stock / ETF

Apple (AAPL) saw volatile trading with shares swinging throughout the day after its earnings missed some analyst expectations.

🧭 What This Means

Investors remain cautious as inflation data tempers rate hike concerns but uneven tech earnings inject volatility. Near-term market moves will likely react to upcoming earnings and inflation updates. Risk sentiment is mixed, prompting active portfolio adjustments.