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Daily market wrap ·

Wall Street holds steady as Johnson & Johnson slides 5.6%

The S&P 500 finished Tuesday almost unchanged, with Johnson & Johnson the day's sharpest faller and inflation data due next week.

373 words · written at 21:01 BST after the US close · 8 headlines referenced

The wrap

US shares ended Tuesday close to where they started. The S&P 500 closed little changed at 7,807.07, and the S&P 500 ETF finished little changed at $778.11. The Nasdaq-100 eased 0.41% to 30,540, while the FTSE 100 slipped 0.06% to 10,650 on the same day. The moves were small across the board, and the largest single-stock swings came from company-level news rather than the index.

Johnson & Johnson was the heaviest faller among the biggest movers, dropping 5.57% to $249.03 on Tuesday. None of the headlines in the data explain that fall. Oracle led the gainers with a 4.15% rise to $143.09, followed by Meta, up 2.77% to $763.55, and AMD, which added 1.71% to $604.39. A MarketWatch headline in the data reports, according to MarketWatch, that AI fatigue is driving chip stocks toward their worst stretch in 16 months, a backdrop that sits alongside the Nasdaq-100's softer close.

Crypto moved in a mixed pattern over the past 24 hours. Bitcoin rose 0.52% to $83,211, while Ethereum fell 0.52% to $2,506.53. Polkadot was the weakest large token, down 3.14% to $1.180, and Avalanche dropped 2.45% to $10.26. The crypto fear and greed index stood at 57, which the data labels Greed. Elsewhere, gold closed down 0.06% at $4,164.54 on Tuesday and the gold ETF slipped 0.12% to $381.71. Oil rose 0.60% to $94.30 for WTI.

The rest of today's wrap

Inflation remains the main macro thread. US CPI inflation was 3.4% in August, up from 3.36% previously, while core CPI eased to 2.45% from 2.48%. UK CPI rose to 3.1% from 2.9%. According to CNBC Economy, the latest inflation data is expected to show price increases accelerating.

US M2 money supply reached $23,342.8bn, up 5.66% year on year. The Fed funds effective rate sat at 3.88%, inside its 3.75–4.00% target range, with the 2-year Treasury yield at 4.8% and the 10-year at 5.24%, up from 5.22%. The Bank of England Bank Rate is 3.75%.

Next on the calendar is the US CPI release on 14 October, followed by UK CPI on 21 October, the Federal Reserve rate decision on 28 October and the Bank of England decision on 5 November. Across the tracked assets, 29 carry an Uptrend score, 19 a Sideways score and 6 a Downtrend score.

Written by AI (Claude, claude-haiku-5-5) from the market data on this site at the time shown, and checked against that data before publishing. Prices at the time of writing; they will have moved since. Educational only, not financial advice.

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