Coin World news: In June, the U.S. Consumer Price Index (CPI) rose 3.5% year over year, lower than May’s 4.2%. The data drove the Nasdaq Composite Index up 0.5%, while the Dow Jones Industrial Average lagged, as IBM’s share price fell 24%. Technology stocks and real estate stocks were supported by lower bond yields, although rising oil prices kept inflation risks in focus. IBM’s preliminary second-quarter earnings report showed revenue of $17.2 billion, below market expectations of $17.86 billion, and adjusted earnings per share of $2.93, below the expected $3.02.

NAS1001.25%
IBM-24.16%
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WalletEarlyAccessAlarm
· 3h ago
3.5% year-on-year is still high. But the Nasdaq rising suggests money is betting on a rate cut, and real estate is also catching some of the “soup.”
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StargazingUnderTheGlassDome
· 3h ago
CPI is cooling, but IBM falls flat, the Dow gets dragged down, and tech stocks are actually favored—this market split is kind of interesting.
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