Pre-Market Report – Thursday 13 February: US markets mixed on hot CPI | Super Thursday - TWE, IAG, S32, NST

US equity markets experienced mixed performances following the release of hotter-than-expected inflation data. The Consumer Price Index (CPI) for January increased by 0.5% month-over-month and 3% year-over-year, surpassing market expectations. This development has led to speculation that the Federal Reserve may maintain elevated interest rates throughout the year. The S&P 500 declined by 0.3%, closing at 6,066.89. The Dow Jones Industrial Average fell 0.5%, ending the session at 44,503.06. In contrast, the Nasdaq Composite remained relatively flat, closing just above its 50-day moving average. Treasury yields saw a significant uptick, with the benchmark 10-year yield experiencing its largest one-day rise since December 18, 2024. This surge in yields added pressure to the equity markets.In corporate news, CVS Health reported better-than-expected fourth-quarter earnings, leading to a notable increase in its stock price. Conversely, companies in the homebuilding and housing retail sectors faced challenges due to persistently high mortgage rates. Overall, the unexpected rise in inflation has heightened concerns about the Federal Reserve's monetary policy trajectory, contributing to the day's mixed market performance.SPI up 4 - Results deluge. Barrick up 6% plus on numbers. NEM up 2.9% - TWE, IAG, S32 results.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.