Dow Jones DJIA Breaks Higher, Nasdaq Sinks As Meta Weighs on Tech Stocks

By: fxleaders|2025/05/15 22:15:06
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Markets digested a lighter-than-expected U.S. producer inflation report and tech weakness led by Meta , resulting in a choppy session that saw a reversal in equities and a rally in bonds. PPI Data Eases, Rate Cut Odds Tick Higher April’s Producer Price Index (PPI) came in slightly softer than anticipated, nudging market expectations toward a higher probability of Federal Reserve rate cuts later this year. Most economic releases remained broadly in line with forecasts. U.S. Treasury yields fell by 7 to 11 basis points across the curve, offering relief to fixed income markets. Meta Delays LLM Launch, Stock Slides Meta Platforms suffered a setback after it delayed the release of its much-anticipated large language model, Llama 4 “Behemoth.” Internal concerns about the model’s performance and its marginal improvements over prior versions led to the pause. The stock dropped 2.35%, closing at $643.88—a $15.48 decline from the previous session’s close. Meta had earlier risen by $3.89 before reversing lower. Dow Breaks Resistance, NASDAQ Wavers, Ends in the Red Tech weakness weighed on broader indices. The NASDAQ, which had gained as much as 60.41 points earlier in the day, reversed course and closed down by 34.49 points (or 0.18%) at 19,112.32. At session lows, the index was off by as much as 179.03 points, underscoring investor caution amid mixed signals. Market Close Summary – Strong Weekly Gains Despite Tech Pullback Dow Jones Industrial Average S&P 500 Index NASDAQ Composite Conclusion: Fed Cut Odds Rise After PPI Miss; Meta Weighs on Tech U.S. equity markets closed mixed on the day but booked impressive weekly gains, with the NASDAQ leading on a weekly basis despite a Friday pullback. The S&P 500 also posted a robust advance, reflecting broad-based strength. Investor sentiment remained resilient, buoyed by cooling inflation data and renewed hopes for eventual Fed rate cuts. The late-week tech dip may be a pause, not a reversal, as optimism continues to build heading into summer. Dow Jones Industrial Average Live Chart

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