Nasdaq closes decrease, S

Moderna slides after chopping 2025 gross sales forecast

Chip shares fall as US tightens grip on AI chip flows

Well being insurers rise after US proposes 2026 fee charges

(Updates to U.S. market shut)

NEW YORK, Jan 13 (Reuters) –

The Nasdaq fell on Monday, whereas the benchmark S&P 500 bounced off a two-month low and eked out a slight achieve as U.S. Treasury yields stayed elevated with traders dialing again expectations on the tempo of price cuts from the Federal Reserve.

Latest financial knowledge have pressured equities, indicating a resilient economic system with nagging worth pressures. Feedback from Fed officers have pushed bond yields larger. The S&P 500 had weekly losses in 4 of the final 5 weeks.

Promised tariffs from President-elect Donald Trump have additionally fueled worries about inflation.

, with the benchmark 10-year be aware yield touching a 14-month excessive of 4.805%.

Markets are pricing in about 27 foundation factors of cuts from the Fed this yr, with a 52.9% probability for a June lower.

“There’s concern that we’ll see larger inflation numbers, I am not so certain that is positively the case, however that is type of the priority right here and that it may be some time earlier than we see decrease charges once more,” mentioned Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.

“The inflation situation is on the market and better yields usually aren’t nice for both the bond market or actually the inventory market. You do have on the market as properly, Jan. twenty first arising and you recognize and we’ll see what the brand new administration does.”

In response to preliminary knowledge, the S&P 500 gained 9.07 factors, or 0.16%, to finish at 5,836.11 factors, whereas the Nasdaq Composite misplaced 74.83 factors, or 0.39%, to 19,086.80. The Dow Jones Industrial Common rose 361.24 factors, or 0.86%, to 42,299.69.

The Dow moved larger, buoyed by a achieve in UnitedHealth Group after President Joe Biden’s administration

proposed 2026 reimbursement charges

for Medicare Benefit plans run by personal insurers, which might end in a 2.2% improve in funds.

CVS Well being and Humana additionally jumped because the S&P 500 well being care sector rose.

Utilities and tech led decliners, each down by greater than 1%. Edison Worldwide tumbled greater than 11% after Bloomberg

the southern California utility was hit with a lawsuit blaming the corporate’s gear for igniting one of many

consuming components of the state.

Vitality climbed, the largest each day achieve of the 11 main S&P sectors, as crude costs saved rising

that U.S. wider sanctions on Russian oil would drive consumers in India and China to different suppliers.

The Shopper Worth Index (CPI) numbers and the central financial institution’s Beige Guide on financial exercise, each due on Wednesday, will seemingly assist form views on the Fed’s coverage outlook.

Chip shares have been principally decrease, with Nvidia and Micron Tech each down after the U.S. authorities mentioned it might additional prohibit artificial-intelligence chip and expertise exports. The PHLX semiconductor index was decrease.

Moderna plummeted as the largest decliner on the S&P 500 after slashing its 2025 gross sales forecast by $1 billion. (Reporting by Chuck Mikolajczak, extra reporting by Johann M Cherian and Sukriti Gupta in Bengaluru; Enhancing by David Gregorio)