Core inflation came in at its lowest level since March 2021
Stocks are poised to give back some of yesterday's historic gains, which saw all three major indexes notch their best days in years. Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are down triple digits, while S&P 500 Index (SPX) futures sit firmly lower as well.
On the data front, the consumer price index (CPI) fell 0.1% in March, bringing the annual inflation rate to 2.4%. Core CPI rose 0.1% for the month, marking a 12-month rate of 2.8% -- the lowest since March 2021. Meanwhile, initial jobless claims rose 4,000 to 223,000 last week, matching expectations.
Continue reading for more on today's market, including:
- Why options bulls targeted soaring Wynn Resorts stock.
- A breakdown of circuit breakers after the market's recent slide.
- Plus, KMX's earnings miss; NVDA's price action; and DHR's bull note.
futures
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 2.2 million call contracts and over 1.3 million put contracts exchanged on Wednesday. The single-session equity put/call ratio came in at 0.58, while the 21-day moving average remained at 0.59.
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CarMax Inc (NYSE:KMX) stock is down 7.6% premarket, after the used car retailer's fourth-quarter
earnings miss, though revenue beat estimates. If losses hold, KMX will drop into negative territory year-over-year.
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Shares of Nvidia Corp (NASDAQ:NVDA) is off 2.8% ahead of the open, following yesterday's 18.7% surge. Year-to-date, the closely-watched chip darling is down 14.9%.
- Danaher Corp (NYSER:DHR) stock is up 1.5% in electronic trading, after an upgrade from Barclays to "overweight" from "equal weight." Looking to bounce off last session's four-year lows, the equity is down 16.4% in 2025.
- Big bank earnings this week.
Overseas Markets Boosted on Trump Tariff Pause
Stocks in Asia managed to log a session of healthy gains, just after Trump said there will be a 90-day pause of higher tariffs on all countries, except for China. Alongside a lift in bond yields, Japan’s Nikkei charged 9.1% higher for the day. Hong Kong’s Hang Seng added 2.1%, China’s Shanghai Composite grew 1.2%, and South Korea’s Kospi tacked on 6.6%.
Market sentiment is also higher in Europe, thanks to the tariff delay. A boost in chip stocks is also aiding today’s lift. At last check, London’s FTSE 100 is up 4.2%, while France’s CAC 40 and Germany’s DAX are both sporting just over a 5% gain.