Stocks Lower as Tech Selloff Deepens Ahead of CPI | The Close 2/12/2026
Summary
Bloomberg Television delivers real-time news and expert analysis on Wall Street, featuring insights from notable guests including US Energy Secretary Chris Wright and financial leaders from Envestnet, Wells Fargo, and Barclays, among others.
Key Insights
What is the CPI and why does it matter for stock markets?
The Consumer Price Index (CPI) measures changes in the price level of a basket of consumer goods and services, serving as a key indicator of inflation. Ahead of the January 2026 CPI report scheduled for release on February 13, markets are volatile as higher-than-expected CPI could deepen stock losses, particularly in tech, while lower readings might spur rallies by boosting expectations for Federal Reserve rate cuts.
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What market reactions are expected from the upcoming CPI report?
JPMorgan's analysis outlines scenarios: if core CPI exceeds 0.45% month-over-month (5% chance), the S&P 500 could drop 1.25%-2.5%; between 0.4%-0.45% (25% chance), it may fall 0.75% or gain 0.25%; below 0.3% (5% chance) could lift it by 1.75%. Expectations center on +0.3% m/m for both headline and core CPI, with hotter prints pressuring stocks lower and cooler ones driving gains.
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