Markets closed with mixed results Tuesday as softer-than-expected US inflation data sparked hopes for rate cuts later this year. The Nasdaq surged while the Dow dipped, and the dollar weakened broadly. Meanwhile, UnitedHealth shares plunged on leadership changes, Nvidia soared on a major chip deal, and Goldman Sachs raised its S&P 500 targets alongside fresh growth forecasts.
We also cross to London, where the FTSE 250 advanced and attention turns to earnings from Compass and Burberry. Other movers include Entain, RS Group, Wickes, and Bytes Technology.
CityCast Late wraps up the global market day from New York to London in just under 10 minutes.
⏱️ Timestamps:
00:00 – Intro: Wall Street closes mixed, Nasdaq leads
00:30 – CPI breakdown: Headline 2.3%, core steady, food & airfares fall
01:20 – Goldman Sachs outlook: GDP upgrade, 6,500 S&P 500 target
02:10 – Fed expectations shift: First rate cut now seen in December
02:40 – US corporate news:
• UnitedHealth sinks 18% on guidance & CEO exit
• Boeing +2.5% after China lifts aircraft delivery ban
• Nvidia +5.6% on Saudi AI chip deal
03:45 – London wrap: FTSE 100 flat, FTSE 250 up
• Entain, RS Group, Wickes climb
• DCC misses revenue forecasts
• Bytes slips despite dividend news
• Burberry up ahead of results
05:15 – Earnings watch: Compass & Burberry preview
06:15 – Broader Euro earnings ahead: ABN Amro, Daimler Truck, TUI & more
07:00 – Sign-off: Back before the open with Wednesday's headlines
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